Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.
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MarketClub’s Trade Triangles for AUDCNY
The long term trend has been DOWN since Aug 1st, 2019 at 4.69875
The intermediate term trend has been DOWN since Jul 26th, 2019 at 4.75720
The short term trend has been DOWN since Aug 14th, 2019 at 4.74700
Smart Scan Analysis for AUDCNY
Based on a pre-defined weighted trend formula for chart analysis, AUDCNY scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.7733 | 4.7733 | 4.7733 | 4.7733 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.7733 | 4.7672 | 4.7794 | 2019-08-18 00:35:26 |