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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)

Long-Term Uptrend (+90) - CNYCAD is in a strong uptrend that is likely to continue. While CNYCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.18809657 0.18867938 0.18806219 0.18840716 +0.00031100
Entry Signal

MarketClub’s Trade Triangles for CNYCAD

long term up The long-term trend has been UP since Oct 3rd, 2023 at 0.19056086

intermediate term up The intermediate-term trend has been UP since Jul 16th, 2024 at 0.18917718

short term up The short-term trend has been UP since Jul 11th, 2024 at 0.18771320

Smart Scan Analysis for CNYCAD

Based on our trend formula, CNYCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18809657 0.18867938 0.18806219 0.18840716 +0.00031100
Prev. Close Volume Bid Ask Time
0.18809657 2024-07-17 18:58:52
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