Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Australian Dollar/Chinese Renminbi Yuan (FOREX:AUDCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 AUDCNY
The long term trend has been DOWN since Dec 27th, 2018 at 4.83800
The intermediate term trend has been DOWN since Dec 5th, 2018 at 4.99150
The short term trend has been UP since Feb 11th, 2019 at 4.80035
Smart Scan Analysis for AUDCNY
Based on a pre-defined weighted trend formula for chart analysis, AUDCNY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).