Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Swiss Franc/Chinese Renminbi Yuan (FOREX:CHFCNY)
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.
MarketClub’s Trade Triangles for CHFCNY
The long term trend has been DOWN since Dec 4th, 2018 at 6.85745
The intermediate term trend has been DOWN since Dec 4th, 2018 at 6.87280
The short term trend has been UP since Dec 10th, 2018 at 6.95085
Smart Scan Analysis for CHFCNY
Based on a pre-defined weighted trend formula for chart analysis, CHFCNY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).