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Forex Trend Analysis Report

Prepared for you on Wednesday, November 22, 2017.

Canadian Dollar/Chinese Renminbi Yuan (FOREX:CADCNY)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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
5.19110 5.19110 5.18175 5.18175 -0.00935
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term down The long term trend has been DOWN since Oct 25th, 2017 at 5.2090

intermediate term down The intermediate term trend has been DOWN since Oct 2nd, 2017 at 5.3085

short term up The short term trend has been UP since Nov 20th, 2017 at 5.2095

Smart Scan Analysis for CADCNY

Based on a pre-defined weighted trend formula for chart analysis, CADCNY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.19110 5.19110 5.18175 5.18175 -0.00935
Prev. Close Volume Bid Ask Time
5.19110 5.17510 5.18840 2017-11-22 02:25:15
Want to analyze Canadian Dollar/Chinese Renminbi Yuan CADCNY or another symbol? Try our Free Forex Trend Analysis Report.