Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)
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 CNYEUR
The long term trend has been UP since Jan 8th, 2020 at 0.12983513
The intermediate term trend has been UP since Jan 7th, 2020 at 0.12894762
The short term trend has been DOWN since Jan 21st, 2020 at 0.13065280
Smart Scan Analysis for CNYEUR
Based on a pre-defined weighted trend formula for chart analysis, CNYEUR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).