Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Australian Dollar/Chinese Yuan Renminbi Offshore (FOREX:AUDCNH)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 AUDCNH
The long term trend has been DOWN since Jan 9th, 2020 at 4.750400
The intermediate term trend has been DOWN since Jan 7th, 2020 at 4.784205
The short term trend has been DOWN since Jan 2nd, 2020 at 4.875755
Smart Scan Analysis for AUDCNH
Based on a pre-defined weighted trend formula for chart analysis, AUDCNH scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).