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Forex Trend Analysis Report

Prepared for you on Friday, December 15, 2017.

Chinese Renminbi Yuan/Canadian Dollar (FOREX:CNYCAD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

FOREX_CNYCAD
Open High Low CNYCAD Price Change
0.19335 0.19395 0.19275 0.19361 +0.00026
Entry Signal

MarketClub’s Trade Triangles for CNYCAD

long term up The long term trend has been UP since Oct 25th, 2017 at 0.19188

intermediate term up The intermediate term trend has been UP since Oct 6th, 2017 at 0.18844

short term down The short term trend has been DOWN since Dec 13th, 2017 at 0.19363

Smart Scan Analysis for CNYCAD

Based on a pre-defined weighted trend formula for chart analysis, CNYCAD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for CNYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19335 0.19395 0.19275 0.19361 +0.00026
Prev. Close Volume Bid Ask Time
0.19335 0.19358 0.19364 2017-12-15 12:28:53
Want to analyze Chinese Renminbi Yuan/Canadian Dollar CNYCAD or another symbol? Try our Free Forex Trend Analysis Report.