Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Chinese Yuan Renminbi Offshore/Canadian Dollar (FOREX:CNHCAD)

Countertrend Up (+85) - CNHCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

Open	High	Low	CNHCAD Price	Change
0.18941698	0.18961402	0.18888482	0.18903375	-0.00038300
Entry Signal

MarketClub’s Trade Triangles for CNHCAD

The long-term trend has been UP since Oct 3rd, 2023 at 0.18726558

The intermediate-term trend has been UP since Oct 2nd, 2023 at 0.18660213

The short-term trend has been UP since Dec 7th, 2023 at 0.18995990

Smart Scan Analysis for CNHCAD

Based on our trend formula, CNHCAD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.18941698	0.18961402	0.18888482	0.18903375	-0.00038300
Prev. Close	Volume	Bid	Ask	Time
0.18941698				2023-12-08 17:07:11

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