Forex Trend Analysis Report
Prepared for you on Sunday, May 28, 2017.
Chinese Renminbi Yuan/Japanese Yen (FOREX:CNYJPY)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 CNYJPY
The long term trend has been DOWN since Apr 4th, 2017 at 16.0175
The intermediate term trend has been UP since Apr 23rd, 2017 at 16.2115
The short term trend has been UP since May 24th, 2017 at 16.2460
Smart Scan Analysis for CNYJPY
Based on a pre-defined weighted trend formula for chart analysis, CNYJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).