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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
Canadian Dollar/Chinese Yuan Renminbi Offshore (FOREX:CADCNH)
Long-Term Uptrend (+90) - CADCNH is in a strong uptrend that is likely to continue. While CADCNH is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CADCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADCNH
The long-term trend has been UP since Dec 20th, 2024 at 5.2775169
The intermediate-term trend has been UP since Dec 20th, 2024 at 5.2069462
The short-term trend has been UP since Dec 20th, 2024 at 5.1145430
Smart Scan Analysis for CADCNH
Based on our trend formula, CADCNH is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.3908128 | 5.3908128 | 5.3901032 | 5.3901032 | -0.0007100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.3908128 | 2024-12-21 07:15:36 |