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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

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.

FOREX_CNHCAD
Open High Low CNHCAD Price Change
0.18893411 0.18902860 0.18876453 0.18898479 +0.00005100
Entry Signal

MarketClub’s Trade Triangles for CNHCAD

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

intermediate term up The intermediate-term trend has been UP since Jun 7th, 2024 at 0.18962820

short term down The short-term trend has been DOWN since Jun 17th, 2024 at 0.18872422

Smart Scan Analysis for CNHCAD

Based on our trend formula, CNHCAD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CNHCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18893411 0.18902860 0.18876453 0.18898479 +0.00005100
Prev. Close Volume Bid Ask Time
0.18893411 2024-06-18 04:18:34
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