Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Chinese Yuan Renminbi Offshore/Australian Dollar (FOREX:CNHAUD)
Sidelines Mode (+55) - CNHAUD 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 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CNHAUD
The long-term trend has been UP since Aug 2nd, 2024 at 0.21336809
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.21031442
The short-term trend has been DOWN since Feb 2nd, 2025 at 0.21922322
Smart Scan Analysis for CNHAUD
Based on our trend formula, CNHAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21949535 | 0.21962870 | 0.21857277 | 0.21883916 | -0.00065600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21949535 | 2025-02-05 06:52:31 |