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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)
Bull Market Weakness (+75) - CNYAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYAUD as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for CNYAUD
The long-term trend has been UP since Aug 5th, 2024 at 0.21798653
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.21050216
The short-term trend has been UP since Nov 22nd, 2024 at 0.21284633
Smart Scan Analysis for CNYAUD
Based on our trend formula, CNYAUD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21205688 | 0.21309850 | 0.21171854 | 0.21228367 | +0.00022700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21205688 | 2024-11-22 10:54:46 |