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Forex Trend Analysis Report

Prepared for you on Monday, January 30, 2023.

Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)

Bear Market Rally (-75) - CNYAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYAUD as it may be in the beginning 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.

FOREX_CNYAUD
Open High Low CNYAUD Price Change
0.20826454 0.21044357 0.20808260 0.21029377 +0.00202900
Entry Signal

MarketClub’s Trade Triangles for CNYAUD

long term down The long-term trend has been DOWN since Nov 23rd, 2022 at 0.20756281

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2023 at 0.21071395

short term up The short-term trend has been UP since Jan 29th, 2023 at 0.20862674

Smart Scan Analysis for CNYAUD

Based on our trend formula, CNYAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CNYAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20826454 0.21044357 0.20808260 0.21029377 +0.00202900
Prev. Close Volume Bid Ask Time
0.20826454 2023-01-30 22:29:38
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