Forex Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
Chinese Renminbi Yuan/Canadian Dollar (FOREX:CNYCAD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.
MarketClub’s Trade Triangles for CNYCAD
The long term trend has been UP since Oct 25th, 2017 at 0.191880
The intermediate term trend has been UP since Jan 19th, 2018 at 0.194700
The short term trend has been UP since Mar 13th, 2018 at 0.203495
Smart Scan Analysis for CNYCAD
Based on a pre-defined weighted trend formula for chart analysis, CNYCAD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).