Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Chinese Renminbi Yuan/Swiss Franc (FOREX:CNYCHF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 CNYCHF
The long term trend has been DOWN since Feb 1st, 2018 at 0.147175
The intermediate term trend has been DOWN since Feb 14th, 2018 at 0.146945
The short term trend has been UP since Feb 19th, 2018 at 0.146385
Smart Scan Analysis for CNYCHF
Based on a pre-defined weighted trend formula for chart analysis, CNYCHF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).