Forex Trend Analysis Report
Prepared for you on Sunday, December 9, 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 UP since Nov 16th, 2018 at 5.08490
The intermediate term trend has been DOWN since Dec 5th, 2018 at 4.99150
The short term trend has been DOWN since Dec 3rd, 2018 at 5.06485
Smart Scan Analysis for AUDCNY
Based on a pre-defined weighted trend formula for chart analysis, AUDCNY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).