Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 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 UP since Jul 3rd, 2017 at 16.6380
The intermediate term trend has been DOWN since Nov 17th, 2017 at 17.0050
The short term trend has been DOWN since Nov 6th, 2017 at 17.1795
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).