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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)

Long-Term Downtrend (-90) - CADCNY is in a strong downtrend that is likely to continue. While CADCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CADCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADCNY
Open High Low CADCNY Price Change
5.1895438 5.1929753 5.1887053 5.1923782 +0.0028340
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term down The long-term trend has been DOWN since Apr 14th, 2025 at 4.8657401

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2025 at 5.0259992

short term down The short-term trend has been DOWN since May 6th, 2025 at 5.2466539

Smart Scan Analysis for CADCNY

Based on our trend formula, CADCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1895438 5.1929753 5.1887053 5.1923782 +0.0028340
Prev. Close Volume Bid Ask Time
5.1895438 2025-05-09 04:02:59
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