Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
Chinese Renminbi Yuan/Japanese Yen (FOREX:CNYJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Jul 23rd, 2017 at 16.4015
The short term trend has been UP since Jul 25th, 2017 at 16.5550
Smart Scan Analysis for CNYJPY
Based on a pre-defined weighted trend formula for chart analysis, CNYJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).