Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Chinese Renminbi Yuan/Canadian Dollar (FOREX:CNYCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 29th, 2018 at 0.19880
The intermediate term trend has been DOWN since Sep 18th, 2018 at 0.18896
The short term trend has been UP since Oct 18th, 2018 at 0.18842
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).