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Forex Trend Analysis Report

Prepared for you on Tuesday, December 18, 2018.

Chinese Renminbi Yuan/Canadian Dollar (FOREX:CNYCAD)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_CNYCAD
Open High Low CNYCAD Price Change
0.19439 0.19445 0.19418 0.19437 -0.00002
Entry Signal

MarketClub’s Trade Triangles for CNYCAD

long term up The long term trend has been UP since Dec 4th, 2018 at 0.193560

intermediate term up The intermediate term trend has been UP since Oct 21st, 2018 at 0.189655

short term up The short term trend has been UP since Dec 17th, 2018 at 0.194550

Smart Scan Analysis for CNYCAD

Based on a pre-defined weighted trend formula for chart analysis, CNYCAD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+100
Smart Scan Analysis for CNYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19439 0.19445 0.19418 0.19437 -0.00002
Prev. Close Volume Bid Ask Time
0.19439 0.19436 0.19438 2018-12-18 06:42:53
Want to analyze Chinese Renminbi Yuan/Canadian Dollar CNYCAD or another symbol? Try our Free Forex Trend Analysis Report.