Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
Chinese Renminbi Yuan/Canadian Dollar (FOREX:CNYCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Jun 28th, 2017 at 0.192085
The intermediate term trend has been UP since Oct 6th, 2017 at 0.188440
The short term trend has been UP since Oct 20th, 2017 at 0.189900
Smart Scan Analysis for CNYCAD
Based on a pre-defined weighted trend formula for chart analysis, CNYCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).