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Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Swiss Franc/Chinese Renminbi Yuan (FOREX:CHFCNY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.
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MarketClub’s Trade Triangles for CHFCNY
The long term trend has been UP since Jul 1st, 2018 at 6.69035
The intermediate term trend has been UP since May 18th, 2018 at 6.46945
The short term trend has been UP since Sep 21st, 2018 at 7.15085
Smart Scan Analysis for CHFCNY
Based on a pre-defined weighted trend formula for chart analysis, CHFCNY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.13615 | 7.15555 | 7.11720 | 7.11720 | -0.01895 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.13615 | 7.10840 | 7.12600 | 2018-09-24 16:09:24 |