Forex Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
Swiss Franc/Chinese Renminbi Yuan (FOREX:CHFCNY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 CHFCNY
The long term trend has been DOWN since Aug 31st, 2017 at 6.83930
The intermediate term trend has been UP since Nov 19th, 2017 at 6.72070
The short term trend has been UP since Nov 6th, 2017 at 6.64065
Smart Scan Analysis for CHFCNY
Based on a pre-defined weighted trend formula for chart analysis, CHFCNY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).