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Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 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.
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MarketClub’s Trade Triangles for CADCNY
The long-term trend has been DOWN since Apr 5th, 2024 at 5.2139851
The intermediate-term trend has been UP since May 15th, 2024 at 5.1990155
The short-term trend has been UP since May 9th, 2024 at 5.1953804
Smart Scan Analysis for CADCNY
Based on our trend formula, CADCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.2042482 | 5.2137648 | 5.1953505 | 5.2116645 | +0.0074160 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.2115437 | 2024-05-17 16:10:28 |