Forex Trend Analysis Report
Prepared for you on Sunday, June 25, 2017.
Chinese Renminbi Yuan/Canadian Dollar (FOREX:CNYCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CNYCAD
The long term trend has been UP since Mar 9th, 2017 at 0.195275
The intermediate term trend has been DOWN since Jun 13th, 2017 at 0.194535
The short term trend has been DOWN since Jun 22nd, 2017 at 0.193390
Smart Scan Analysis for CNYCAD
Based on a pre-defined weighted trend formula for chart analysis, CNYCAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).