Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Canadian Dollar/Chinese Yuan Renminbi Offshore (FOREX:CADCNH)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.
MarketClub’s Trade Triangles for CADCNH
The long term trend has been UP since Jun 6th, 2019 at 5.1665
The intermediate term trend has been UP since Jun 24th, 2019 at 5.2030
The short term trend has been UP since Jun 24th, 2019 at 5.2030
Smart Scan Analysis for CADCNH
Based on a pre-defined weighted trend formula for chart analysis, CADCNH scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).