Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
Chinese Renminbi Yuan/Canadian Dollar (FOREX:CNYCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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.
MarketClub’s Trade Triangles for CNYCAD
The long term trend has been DOWN since Jun 28th, 2017 at 0.192085
The intermediate term trend has been UP since Aug 7th, 2017 at 0.188240
The short term trend has been DOWN since Aug 16th, 2017 at 0.190110
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).