Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Chinese Renminbi Yuan/Euro (FOREX:CNYEUR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CNYEUR
The long term trend has been UP since Nov 1st, 2017 at 0.129770
The intermediate term trend has been DOWN since Nov 15th, 2017 at 0.127425
The short term trend has been DOWN since Nov 9th, 2017 at 0.129775
Smart Scan Analysis for CNYEUR
Based on a pre-defined weighted trend formula for chart analysis, CNYEUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).