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Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2025.
Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)
Bear Market Rally (-75) - CADCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADCNY as it may be in the beginning 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 Aug 5th, 2024 at 5.1438652
The intermediate-term trend has been UP since Jan 7th, 2025 at 5.1208847
The short-term trend has been DOWN since Jan 17th, 2025 at 5.0868987
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.0550361 | 5.0550361 | 5.0550361 | 5.0550361 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.0550361 | 2025-01-18 11:41:53 |