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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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

Strong Downtrend (-100) - CNHAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNHAUD continues to fall. Traders should use caution and set stops.

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
0.21160198 0.21187382 0.21098210 0.21114040 -0.00046200
Entry Signal

MarketClub’s Trade Triangles for CNHAUD

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 0.21015333

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.21072609

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 0.21108223

Smart Scan Analysis for CNHAUD

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

-100
Smart Scan Analysis for CNHAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21160198 0.21187382 0.21098210 0.21114040 -0.00046200
Prev. Close Volume Bid Ask Time
0.21160198 2024-03-29 10:17:07
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