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.

FOREX_AUDCNY
Open High Low AUDCNY Price Change
4.7733 4.7733 4.7733 4.7733 0.0000
Entry Signal

MarketClub’s Trade Triangles for AUDCNY

long term down The long term trend has been DOWN since Aug 1st, 2019 at 4.69875

intermediate term down The intermediate term trend has been DOWN since Jul 26th, 2019 at 4.75720

short term down 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).

-80
Smart Scan Analysis for AUDCNY
Strong Downtrend Sideways 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
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