Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
US Dollar/Chinese Renminbi Yuan (FOREX:USDCNY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 USDCNY
The long term trend has been UP since May 1st, 2018 at 6.38920
The intermediate term trend has been DOWN since Aug 26th, 2018 at 6.80205
The short term trend has been UP since Sep 24th, 2018 at 6.86300
Smart Scan Analysis for USDCNY
Based on a pre-defined weighted trend formula for chart analysis, USDCNY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).