Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 UP since May 13th, 2019 at 4.79795
The short term trend has been DOWN since May 21st, 2019 at 4.74445
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).