Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
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 Dec 27th, 2018 at 0.206695
The intermediate term trend has been UP since Dec 5th, 2018 at 0.200345
The short term trend has been DOWN since Jan 14th, 2019 at 0.204655
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).