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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.

FOREX_CADCNH
Open High Low CADCNH Price Change
5.3905 5.3905 5.3905 5.3905 0.0000
Entry Signal

MarketClub’s Trade Triangles for CADCNH

long term up The long term trend has been UP since Jun 6th, 2019 at 5.1665

intermediate term down The intermediate term trend has been DOWN since Sep 13th, 2019 at 5.3755

short term up 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).

-55
Smart Scan Analysis for CADCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3905 5.3905 5.3905 5.3905 0.0000
Prev. Close Volume Bid Ask Time
5.3905 5.3900 5.3910 2019-10-17 13:54:25
Want to analyze Canadian Dollar/Chinese Yuan Renminbi Offshore CADCNH or another symbol? Try our Free Forex Trend Analysis Report.