Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
Chinese Renminbi Yuan/Japanese Yen (FOREX:CNYJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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 Feb 14th, 2018 at 16.7850
The intermediate term trend has been DOWN since Feb 13th, 2018 at 17.1095
The short term trend has been UP since Feb 20th, 2018 at 16.8145
Smart Scan Analysis for CNYJPY
Based on a pre-defined weighted trend formula for chart analysis, CNYJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).