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Forex Trend Analysis Report

Prepared for you on Thursday, August 16, 2018.

Chinese Renminbi Yuan/Swiss Franc (FOREX:CNYCHF)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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_CNYCHF
Open High Low CNYCHF Price Change
0.143590 0.144940 0.143590 0.144775 +0.001185
Entry Signal

MarketClub’s Trade Triangles for CNYCHF

long term down The long term trend has been DOWN since Jul 1st, 2018 at 0.14945

intermediate term down The intermediate term trend has been DOWN since May 29th, 2018 at 0.15447

short term up The short term trend has been UP since Aug 16th, 2018 at 0.14483

Smart Scan Analysis for CNYCHF

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

-85
Smart Scan Analysis for CNYCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.143590 0.144940 0.143590 0.144775 +0.001185
Prev. Close Volume Bid Ask Time
0.143590 0.144760 0.144790 2018-08-16 18:08:27
Want to analyze Chinese Renminbi Yuan/Swiss Franc CNYCHF or another symbol? Try our Free Forex Trend Analysis Report.