Forex Trend Analysis Report
Prepared for you on Sunday, January 21, 2018.
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 DOWN since Jan 15th, 2018 at 0.126765
The intermediate term trend has been DOWN since Jan 2nd, 2018 at 0.127620
The short term trend has been UP since Jan 17th, 2018 at 0.127195
Smart Scan Analysis for CNYEUR
Based on a pre-defined weighted trend formula for chart analysis, CNYEUR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).