Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
Swiss Franc/Chinese Renminbi Yuan (FOREX:CHFCNY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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.
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 DOWN since Aug 30th, 2017 at 6.85025
The short term trend has been DOWN since Sep 20th, 2017 at 6.80775
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).