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Forex Trend Analysis Report

Prepared for you on Wednesday, November 6, 2024.

Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)

Sidelines Mode (+55) - CNYAUD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.21365613 0.21383007 0.21136806 0.21172990 -0.00192600
Entry Signal

MarketClub’s Trade Triangles for CNYAUD

long term up The long-term trend has been UP since Aug 5th, 2024 at 0.21798653

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2024 at 0.21050216

short term down The short-term trend has been DOWN since Nov 5th, 2024 at 0.21218900

Smart Scan Analysis for CNYAUD

Based on our trend formula, CNYAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CNYAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21365613 0.21383007 0.21136806 0.21172990 -0.00192600
Prev. Close Volume Bid Ask Time
0.21365613 2024-11-06 15:48:09
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