Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)
Crossroads (-60) - CADCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CADCNY
The long-term trend has been UP since Jun 7th, 2024 at 5.2827518
The intermediate-term trend has been DOWN since Jul 16th, 2024 at 5.2855741
The short-term trend has been DOWN since Jul 23rd, 2024 at 5.2767193
Smart Scan Analysis for CADCNY
Based on our trend formula, CADCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.2452705 | 5.2519738 | 5.2342010 | 5.2427058 | -0.0025650 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.2452705 | 2024-07-26 20:25:28 |