Forex Trend Analysis Report
Prepared for you on Monday, February 19, 2018.
Chinese Renminbi Yuan/Australian Dollar (FOREX:CNYAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Jan 25th, 2018 at 0.197210
The short term trend has been DOWN since Feb 12th, 2018 at 0.201395
Smart Scan Analysis for CNYAUD
Based on a pre-defined weighted trend formula for chart analysis, CNYAUD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).