Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Australian Dollar/Chinese Renminbi Yuan (FOREX:AUDCNY)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDCNY
The long term trend has been DOWN since Oct 4th, 2018 at 4.85695
The intermediate term trend has been DOWN since Oct 4th, 2018 at 4.85695
The short term trend has been UP since Oct 8th, 2018 at 4.87390
Smart Scan Analysis for AUDCNY
Based on a pre-defined weighted trend formula for chart analysis, AUDCNY scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).