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Forex Trend Analysis Report

Prepared for you on Sunday, August 19, 2018.

Chinese Renminbi Yuan/Canadian Dollar (FOREX:CNYCAD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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
0.189850 0.190235 0.189850 0.189850 0.000000
Entry Signal

MarketClub’s Trade Triangles for CNYCAD

long term down The long term trend has been DOWN since Jun 29th, 2018 at 0.19880

intermediate term down The intermediate term trend has been DOWN since Jun 27th, 2018 at 0.20129

short term down The short term trend has been DOWN since Aug 13th, 2018 at 0.19043

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
0.189850 0.190235 0.189850 0.189850 0.000000
Prev. Close Volume Bid Ask Time
0.189850 0.189790 0.189910 2018-08-19 06:08:19
Want to analyze Chinese Renminbi Yuan/Canadian Dollar CNYCAD or another symbol? Try our Free Forex Trend Analysis Report.