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Forex Trend Analysis Report

Prepared for you on Wednesday, February 21, 2018.

Canadian Dollar/Chinese Renminbi Yuan (FOREX:CADCNY)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
5.01810 5.02345 5.00590 5.00625 -0.01185
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term down The long term trend has been DOWN since Oct 25th, 2017 at 5.20900

intermediate term down The intermediate term trend has been DOWN since Jan 19th, 2018 at 5.13770

short term down The short term trend has been DOWN since Feb 19th, 2018 at 5.05035

Smart Scan Analysis for CADCNY

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

-100
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.01810 5.02345 5.00590 5.00625 -0.01185
Prev. Close Volume Bid Ask Time
5.01810 5.00490 5.00760 2018-02-21 04:22:37
Want to analyze Canadian Dollar/Chinese Renminbi Yuan CADCNY or another symbol? Try our Free Forex Trend Analysis Report.