Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Chinese Yuan Renminbi Offshore/US Dollar (FOREX:CNHUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CNHUSD
The long term trend has been UP since Dec 12th, 2019 at 0.14382437
The intermediate term trend has been DOWN since Jan 26th, 2020 at 0.14331421
The short term trend has been DOWN since Jan 20th, 2020 at 0.14530132
Smart Scan Analysis for CNHUSD
Based on a pre-defined weighted trend formula for chart analysis, CNHUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).