Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
Chinese Renminbi Yuan/Australian Dollar (FOREX:CNYAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 CNYAUD
The long term trend has been UP since Oct 9th, 2017 at 0.194160
The intermediate term trend has been UP since Oct 6th, 2017 at 0.192310
The short term trend has been DOWN since Nov 22nd, 2017 at 0.198675
Smart Scan Analysis for CNYAUD
Based on a pre-defined weighted trend formula for chart analysis, CNYAUD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).