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Forex Trend Analysis Report

Prepared for you on Wednesday, December 1, 2021.

Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)

Long-Term Uptrend (+90) - CNYAUD is in a strong uptrend that is likely to continue. While CNYAUD 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 CNYAUD?

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

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

FOREX_CNYAUD
Open High Low CNYAUD Price Change
0.21927664 0.21936573 0.21896346 0.21908389 -0.00019300
Entry Signal

MarketClub’s Trade Triangles for CNYAUD

long term up The long-term trend has been UP since Jun 16th, 2021 at 0.20429838

intermediate term up The intermediate-term trend has been UP since Nov 9th, 2021 at 0.21210023

short term up The short-term trend has been UP since Nov 16th, 2021 at 0.21492111

Smart Scan Analysis for CNYAUD

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

+90
Smart Scan Analysis for CNYAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21927664 0.21936573 0.21896346 0.21908389 -0.00019300
Prev. Close Volume Bid Ask Time
0.21927664 2021-12-01 01:26:59
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