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.
MarketClub’s Trade Triangles for CNYCAD
The long-term trend has been DOWN since Feb 24th, 2021 at 0.19391638
The intermediate-term trend has been UP since Apr 7th, 2021 at 0.19338786
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).