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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
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.
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MarketClub’s Trade Triangles for CADCNY
The long-term trend has been DOWN since Aug 5th, 2024 at 5.1438652
The intermediate-term trend has been DOWN since Dec 9th, 2024 at 5.1148045
The short-term trend has been DOWN since Dec 25th, 2024 at 5.0577890
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.0816648 | 5.0823194 | 5.0672868 | 5.0739836 | -0.0076810 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.0816648 | 2024-12-26 06:23:51 |