Forex Trend Analysis Report
Prepared for you on Monday, September 25, 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 DOWN since Apr 25th, 2017 at 0.13344
The intermediate term trend has been UP since Sep 1st, 2017 at 0.12831
The short term trend has been DOWN since Sep 22nd, 2017 at 0.12652
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).