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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)

Weak Downtrend (-65) - CNYAUD is showing signs of a strengthening downtrend. Monitor CNYAUD as it may be building momentum to the downside.

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
0.21178442 0.21178702 0.21024902 0.21177403 -0.00001000
Entry Signal

MarketClub’s Trade Triangles for CNYAUD

long term down The long-term trend has been DOWN since May 3rd, 2024 at 0.20820507

intermediate term down The intermediate-term trend has been DOWN since May 3rd, 2024 at 0.20820507

short term down The short-term trend has been DOWN since May 26th, 2024 at 0.21089743

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).

-70
Smart Scan Analysis for CNYAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21178442 0.21178702 0.21024902 0.21177403 -0.00001000
Prev. Close Volume Bid Ask Time
0.21178442 2024-05-28 00:03:58
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