Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Special Drawing Right/Chinese Yuan Renminbi (FOREX:SDRCNY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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.
MarketClub’s Trade Triangles for SDRCNY
The long term trend has been DOWN since Dec 15th, 2019 at 9.613668
The intermediate term trend has been DOWN since Dec 15th, 2019 at 9.636442
The short term trend has been DOWN since Dec 31st, 2019 at 9.652909
Smart Scan Analysis for SDRCNY
Based on a pre-defined weighted trend formula for chart analysis, SDRCNY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).