Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
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 EURCNH
The long term trend has been UP since Jul 2nd, 2018 at 7.78808
The intermediate term trend has been DOWN since Aug 12th, 2018 at 7.82550
The short term trend has been DOWN since Aug 16th, 2018 at 7.82035
Smart Scan Analysis for EURCNH
Based on a pre-defined weighted trend formula for chart analysis, EURCNH scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).