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Forex Trend Analysis Report

Prepared for you on Friday, October 19, 2018.

Chinese Renminbi Yuan/Canadian Dollar (FOREX:CNYCAD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
0.188305 0.189330 0.187990 0.188975 +0.000670
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 Sep 18th, 2018 at 0.18896

short term up The short term trend has been UP since Oct 18th, 2018 at 0.18842

Smart Scan Analysis for CNYCAD

Based on a pre-defined weighted trend formula for chart analysis, CNYCAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for CNYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.188305 0.189330 0.187990 0.188975 +0.000670
Prev. Close Volume Bid Ask Time
0.188305 0.188910 0.189040 2018-10-19 23:06:41
Want to analyze Chinese Renminbi Yuan/Canadian Dollar CNYCAD or another symbol? Try our Free Forex Trend Analysis Report.