Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
Chinese Renminbi Yuan/Japanese Yen (FOREX:CNYJPY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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 CNYJPY
The long term trend has been UP since Jul 3rd, 2017 at 16.6380
The intermediate term trend has been UP since Aug 27th, 2017 at 16.5815
The short term trend has been UP since Sep 12th, 2017 at 16.7735
Smart Scan Analysis for CNYJPY
Based on a pre-defined weighted trend formula for chart analysis, CNYJPY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).