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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)

Bull Market Weakness (+75) - CADCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADCNY as it may be in the beginning stages of a reversal.

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
5.2793352 5.2856248 5.2660534 5.2813831 +0.0020480
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term up The long-term trend has been UP since Jun 7th, 2024 at 5.2827518

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2024 at 5.1600147

short term up The short-term trend has been UP since Jun 12th, 2024 at 5.1703188

Smart Scan Analysis for CADCNY

Based on our trend formula, CADCNY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2793352 5.2856248 5.2660534 5.2813831 +0.0020480
Prev. Close Volume Bid Ask Time
5.2793352 2024-06-14 17:00:49
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