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.
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MarketClub’s Trade Triangles for CNHAUD
The long-term trend has been DOWN since Dec 1st, 2023 at 0.21015333
The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.21072609
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).
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 |