Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Chinese Renminbi Yuan/Euro (FOREX:CNYEUR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CNYEUR
The long term trend has been UP since Dec 3rd, 2018 at 0.12809
The intermediate term trend has been UP since Jan 2nd, 2019 at 0.12854
The short term trend has been UP since Jan 10th, 2019 at 0.12793
Smart Scan Analysis for CNYEUR
Based on a pre-defined weighted trend formula for chart analysis, CNYEUR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).