Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
Chinese Renminbi Yuan/Japanese Yen (FOREX:CNYJPY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Aug 26th, 2018 at 16.3710
The short term trend has been UP since Sep 11th, 2018 at 16.2555
Smart Scan Analysis for CNYJPY
Based on a pre-defined weighted trend formula for chart analysis, CNYJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).