Forex Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
Chinese Renminbi Yuan/Australian Dollar (FOREX:CNYAUD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 Jun 14th, 2018 at 0.208595
The short term trend has been DOWN since Jun 21st, 2018 at 0.208370
Smart Scan Analysis for CNYAUD
Based on a pre-defined weighted trend formula for chart analysis, CNYAUD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).