Forex Trend Analysis Report
Prepared for you on Tuesday, May 23, 2017.
Chinese Renminbi Yuan/Special Drawing Right (FOREX:CNYSDR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CNYSDR
The long term trend has been DOWN since Apr 20th, 2017 at 0.10679
The intermediate term trend has been DOWN since May 19th, 2017 at 0.10570
The short term trend has been DOWN since May 19th, 2017 at 0.10570
Smart Scan Analysis for CNYSDR
Based on a pre-defined weighted trend formula for chart analysis, CNYSDR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).