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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.

FOREX_USDCNY
Open High Low USDCNY Price Change
6.8475 6.8799 6.8433 6.8790 +0.0315
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term up The long term trend has been UP since May 1st, 2018 at 6.38920

intermediate term down The intermediate term trend has been DOWN since Aug 26th, 2018 at 6.80205

short term up 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).

+75
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.8475 6.8799 6.8433 6.8790 +0.0315
Prev. Close Volume Bid Ask Time
6.8475 6.8780 6.8800 2018-09-24 14:58:00
Want to analyze US Dollar/Chinese Renminbi Yuan USDCNY or another symbol? Try our Free Forex Trend Analysis Report.