Forex Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)
Strong Downtrend (-100) - CNYCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYCAD continues to fall. Traders should use caution and set stops.
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 Mar 25th, 2022 at 0.19584584
The intermediate-term trend has been DOWN since Apr 20th, 2022 at 0.19486317
The short-term trend has been DOWN since May 25th, 2022 at 0.19125777
Smart Scan Analysis for CNYCAD
Based on our trend formula, CNYCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).