Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Sunday, December 16, 2018.

Canadian Dollar/Chinese Renminbi Yuan (FOREX:CADCNY)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.

FOREX_CADCNY
Open High Low CADCNY Price Change
5.16180 5.16325 5.15900 5.16180 0.00000
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term down The long term trend has been DOWN since Dec 4th, 2018 at 5.1692

intermediate term down The intermediate term trend has been DOWN since Oct 21st, 2018 at 5.2748

short term up The short term trend has been UP since Dec 10th, 2018 at 5.1829

Smart Scan Analysis for CADCNY

Based on a pre-defined weighted trend formula for chart analysis, CADCNY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.16180 5.16325 5.15900 5.16180 0.00000
Prev. Close Volume Bid Ask Time
5.16180 5.15520 5.16840 2018-12-16 21:13:04
Want to analyze Canadian Dollar/Chinese Renminbi Yuan CADCNY or another symbol? Try our Free Forex Trend Analysis Report.