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Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
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MarketClub’s Trade Triangles for CNYJPY
The long term trend has been UP since Dec 12th, 2019 at 15.687115
The intermediate term trend has been UP since Dec 12th, 2019 at 15.643782
The short term trend has been UP since Jan 7th, 2020 at 15.601028
Smart Scan Analysis for CNYJPY
Based on a pre-defined weighted trend formula for chart analysis, CNYJPY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 16.059273 | 16.059273 | 16.059273 | 16.059273 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 16.059273 | 16.038163 | 16.080383 | 2020-01-19 05:49:06 |