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Forex Trend Analysis Report

Prepared for you on Monday, April 12, 2021.

Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)

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

Is it time to buy, sell, or avoid CNYCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYCAD
Open High Low CNYCAD Price Change
0.19154488 0.19220195 0.19110790 0.19169189 +0.00014700
Entry Signal

MarketClub’s Trade Triangles for CNYCAD

long term down The long-term trend has been DOWN since Feb 24th, 2021 at 0.19391638

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2021 at 0.19338786

short term down The short-term trend has been DOWN since Apr 9th, 2021 at 0.19123728

Smart Scan Analysis for CNYCAD

Based on our trend formula, CNYCAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CNYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19154488 0.19220195 0.19110790 0.19169189 +0.00014700
Prev. Close Volume Bid Ask Time
0.19154488 2021-04-12 09:44:03
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