Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Chinese Renminbi Yuan/Australian Dollar (FOREX:CNYAUD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Jul 1st, 2018 at 0.203665
The intermediate term trend has been UP since Aug 12th, 2018 at 0.200735
The short term trend has been DOWN since Sep 17th, 2018 at 0.202385
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).