Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
Chinese Renminbi Yuan/Japanese Yen (FOREX:CNYJPY)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 CNYJPY
The long term trend has been DOWN since Feb 14th, 2018 at 16.7850
The intermediate term trend has been DOWN since May 25th, 2018 at 17.0930
The short term trend has been DOWN since Jun 15th, 2018 at 17.1945
Smart Scan Analysis for CNYJPY
Based on a pre-defined weighted trend formula for chart analysis, CNYJPY scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).