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.
MarketClub’s Trade Triangles for CNYCAD
The long term trend has been UP since Oct 25th, 2017 at 0.19188
The intermediate term trend has been UP since Oct 6th, 2017 at 0.18844
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).