Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, November 28, 2021.

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

Long-Term Uptrend (+90) - CNHCAD is in a strong uptrend that is likely to continue. While CNHCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
0.19962540 0.19963633 0.19915781 0.19916329 -0.00046200
Entry Signal

MarketClub’s Trade Triangles for CNHCAD

long term up The long-term trend has been UP since Jul 15th, 2021 at 0.19479645

intermediate term up The intermediate-term trend has been UP since Nov 4th, 2021 at 0.19455107

short term up The short-term trend has been UP since Nov 26th, 2021 at 0.19950220

Smart Scan Analysis for CNHCAD

Based on our trend formula, CNHCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNHCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19962540 0.19963633 0.19915781 0.19916329 -0.00046200
Prev. Close Volume Bid Ask Time
0.19962540 2021-11-28 18:19:20
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Canadian Dollar (CNHCAD) - Request Your Free Report.