Analyze Symbol

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.

FOREX_CHFCNY
Open High Low CHFCNY Price Change
6.93650 6.94410 6.92105 6.92215 -0.01435
Entry Signal

MarketClub’s Trade Triangles for CHFCNY

long term down The long term trend has been DOWN since Dec 4th, 2018 at 6.85745

intermediate term down The intermediate term trend has been DOWN since Dec 4th, 2018 at 6.87280

short term up 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).

-85
Smart Scan Analysis for CHFCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.93650 6.94410 6.92105 6.92215 -0.01435
Prev. Close Volume Bid Ask Time
6.93650 6.91990 6.92440 2018-12-12 07:50:38
Want to analyze Swiss Franc/Chinese Renminbi Yuan CHFCNY or another symbol? Try our Free Forex Trend Analysis Report.