Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Swiss Franc/Chinese Renminbi Yuan (FOREX:CHFCNY)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 Apr 12th, 2018 at 6.52470
The intermediate term trend has been DOWN since Mar 8th, 2018 at 6.68825
The short term trend has been DOWN since Apr 17th, 2018 at 6.51290
Smart Scan Analysis for CHFCNY
Based on a pre-defined weighted trend formula for chart analysis, CHFCNY scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).