Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Chinese Renminbi Yuan/British Pound (FOREX:CNYGBP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 CNYGBP
The long term trend has been UP since Dec 3rd, 2018 at 0.114390
The intermediate term trend has been UP since Oct 26th, 2018 at 0.112665
The short term trend has been UP since Dec 3rd, 2018 at 0.113050
Smart Scan Analysis for CNYGBP
Based on a pre-defined weighted trend formula for chart analysis, CNYGBP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).