Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Canadian Dollar/Chinese Yuan Renminbi Offshore (FOREX:CADCNH)
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 CADCNH
The long term trend has been UP since Jun 6th, 2019 at 5.1665
The intermediate term trend has been DOWN since Sep 13th, 2019 at 5.3755
The short term trend has been UP since Oct 17th, 2019 at 5.3511
Smart Scan Analysis for CADCNH
Based on a pre-defined weighted trend formula for chart analysis, CADCNH scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).