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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)
Countertrend Up (+85) - CNYAUD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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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 DOWN since Dec 24th, 2024 at 0.21851492
Smart Scan Analysis for CNYAUD
Based on our trend formula, CNYAUD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21958533 | 0.22013774 | 0.21938394 | 0.21991539 | +0.00033000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21958533 | 2024-12-26 06:18:46 |