Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)
Weak Uptrend (+65) - CNYCAD is showing signs of weakening momentum to the upside. Monitor 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.
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 Oct 2nd, 2023 at 0.18939716
The short-term trend has been DOWN since Dec 1st, 2023 at 0.19065817
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).