Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Swiss Franc/Chinese Renminbi Yuan (FOREX:CHFCNY)
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.
MarketClub’s Trade Triangles for CHFCNY
The long term trend has been DOWN since Aug 31st, 2017 at 6.8393
The intermediate term trend has been UP since Jan 15th, 2018 at 6.6989
The short term trend has been DOWN since Jan 19th, 2018 at 6.6671
Smart Scan Analysis for CHFCNY
Based on a pre-defined weighted trend formula for chart analysis, CHFCNY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).