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Forex Trend Analysis Report

Prepared for you on Saturday, October 21, 2017.

Chinese Renminbi Yuan/Canadian Dollar (FOREX:CNYCAD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

FOREX_CNYCAD
Open High Low CNYCAD Price Change
0.189215 0.190815 0.188660 0.190730 +0.001515
Entry Signal

MarketClub’s Trade Triangles for CNYCAD

long term down The long term trend has been DOWN since Jun 28th, 2017 at 0.192085

intermediate term up The intermediate term trend has been UP since Oct 6th, 2017 at 0.188440

short term up The short term trend has been UP since Oct 20th, 2017 at 0.189900

Smart Scan Analysis for CNYCAD

Based on a pre-defined weighted trend formula for chart analysis, CNYCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for CNYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.189215 0.190815 0.188660 0.190730 +0.001515
Prev. Close Volume Bid Ask Time
0.190640 0.190700 0.190760 2017-10-20 18:26:35
Want to analyze Chinese Renminbi Yuan/Canadian Dollar CNYCAD or another symbol? Try our Free Forex Trend Analysis Report.