Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Australian Dollar/Chinese Yuan Renminbi Offshore (FOREX:AUDCNH)
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 AUDCNH
The long term trend has been DOWN since Dec 25th, 2018 at 4.85965
The intermediate term trend has been UP since May 10th, 2019 at 4.82895
The short term trend has been UP since May 19th, 2019 at 4.78969
Smart Scan Analysis for AUDCNH
Based on a pre-defined weighted trend formula for chart analysis, AUDCNH scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).