Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 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 DOWN since Apr 23rd, 2017 at 6.81955
The intermediate term trend has been UP since Apr 24th, 2018 at 6.32210
The short term trend has been UP since Apr 22nd, 2018 at 6.30020
Smart Scan Analysis for USDCNY
Based on a pre-defined weighted trend formula for chart analysis, USDCNY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).