Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
US Dollar/ (FOREX:USDCNH)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 USDCNH
The long term trend has been DOWN since Jan 9th, 2019 at 6.8269
The intermediate term trend has been DOWN since Nov 2nd, 2018 at 6.8697
The short term trend has been UP since Jan 15th, 2019 at 6.7759
Smart Scan Analysis for USDCNH
Based on a pre-defined weighted trend formula for chart analysis, USDCNH scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).