Forex Trend Analysis Report
Prepared for you on Wednesday, June 26, 2019.
Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 AUDCNY
The long term trend has been UP since Jun 4th, 2019 at 4.82725
The intermediate term trend has been DOWN since Jun 17th, 2019 at 4.74865
The short term trend has been UP since Jun 23rd, 2019 at 4.76685
Smart Scan Analysis for AUDCNY
Based on a pre-defined weighted trend formula for chart analysis, AUDCNY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).