Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
Chinese Renminbi Yuan/ (FOREX:CNYSRD)
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 CNYSRD
The long term trend has been UP since Jan 10th, 2019 at 1.083
The intermediate term trend has been UP since Dec 4th, 2018 at 1.066
The short term trend has been UP since Jan 8th, 2019 at 1.073
Smart Scan Analysis for CNYSRD
Based on a pre-defined weighted trend formula for chart analysis, CNYSRD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).