Forex Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
Chinese Yuan Renminbi/Swiss Franc (FOREX:CNYCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 CNYCHF
The long term trend has been DOWN since Jan 1st, 2019 at 0.14222000
The intermediate term trend has been UP since Jan 20th, 2020 at 0.14142002
The short term trend has been DOWN since Jan 28th, 2020 at 0.13953438
Smart Scan Analysis for CNYCHF
Based on a pre-defined weighted trend formula for chart analysis, CNYCHF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).