Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Oct 3rd, 2018 at 7.92413
The short term trend has been UP since Oct 22nd, 2018 at 7.99956
Smart Scan Analysis for EURCNH
Based on a pre-defined weighted trend formula for chart analysis, EURCNH scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).