Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Australian Dollar/Chinese Yuan Renminbi Offshore (FOREX:AUDCNH)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 AUDCNH
The long term trend has been DOWN since Jan 9th, 2020 at 4.750400
The intermediate term trend has been DOWN since Jan 7th, 2020 at 4.784205
The short term trend has been UP since Feb 11th, 2020 at 4.691600
Smart Scan Analysis for AUDCNH
Based on a pre-defined weighted trend formula for chart analysis, AUDCNH scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).