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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Chinese Yuan Renminbi Offshore/Australian Dollar (FOREX:CNHAUD)

Weak Downtrend (-65) - CNHAUD is showing signs of a strengthening downtrend. Monitor CNHAUD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CNHAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNHAUD
Open High Low CNHAUD Price Change
0.20887153 0.20887153 0.20887153 0.20887153 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNHAUD

long term down The long-term trend has been DOWN since May 15th, 2024 at 0.20798176

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2024 at 0.20588901

short term up The short-term trend has been UP since Jun 14th, 2024 at 0.20875196

Smart Scan Analysis for CNHAUD

Based on our trend formula, CNHAUD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CNHAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20887153 0.20887153 0.20887153 0.20887153 0.00000000
Prev. Close Volume Bid Ask Time
0.20887153 2024-06-15 06:10:54
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