Forex Trend Analysis Report
Prepared for you on Wednesday, April 14, 2021.
Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)
Sidelines Mode (+55) - CADCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Feb 24th, 2021 at 5.1532116
The intermediate-term trend has been UP since Feb 15th, 2021 at 5.1039125
The short-term trend has been DOWN since Apr 13th, 2021 at 5.1916976
Smart Scan Analysis for CADCNY
Based on our trend formula, CADCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).