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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)
Bull Market Weakness (+75) - CNYCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYCAD as it may be in the beginning stages of a reversal.
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 Dec 9th, 2024 at 0.19558600
The short-term trend has been DOWN since Dec 24th, 2024 at 0.19647612
Smart Scan Analysis for CNYCAD
Based on our trend formula, CNYCAD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19678376 | 0.19731525 | 0.19673503 | 0.19704895 | +0.00026500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19678376 | 2024-12-26 05:55:00 |