Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
US Dollar/ (FOREX:USDCNH)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 USDCNH
The long term trend has been UP since May 2nd, 2018 at 6.37680
The intermediate term trend has been UP since Apr 25th, 2018 at 6.32140
The short term trend has been DOWN since Aug 16th, 2018 at 6.87595
Smart Scan Analysis for USDCNH
Based on a pre-defined weighted trend formula for chart analysis, USDCNH scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).