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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)
Sidelines Mode (+55) - CNYCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CNYCAD
The long-term trend has been UP since Oct 3rd, 2023 at 0.19056086
The intermediate-term trend has been UP since Jan 22nd, 2025 at 0.19820772
The short-term trend has been DOWN since Feb 3rd, 2025 at 0.20006966
Smart Scan Analysis for CNYCAD
Based on our trend formula, CNYCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20131022 | 0.20151313 | 0.19659391 | 0.19681579 | -0.00449400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20131022 | 2025-02-04 23:49:53 |