Forex Trend Analysis Report
Prepared for you on Monday, February 19, 2018.
Chinese Renminbi Yuan/US Dollar (FOREX:CNYUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CNYUSD
The long term trend has been UP since Apr 23rd, 2017 at 0.146635
The intermediate term trend has been DOWN since Feb 19th, 2018 at 0.157275
The short term trend has been DOWN since Feb 8th, 2018 at 0.158720
Smart Scan Analysis for CNYUSD
Based on a pre-defined weighted trend formula for chart analysis, CNYUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).