Forex Trend Analysis Report
Prepared for you on Wednesday, June 26, 2019.
Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CADCNY
The long term trend has been UP since May 22nd, 2019 at 5.16120
The intermediate term trend has been UP since May 7th, 2019 at 5.04715
The short term trend has been UP since Jun 19th, 2019 at 5.17015
Smart Scan Analysis for CADCNY
Based on a pre-defined weighted trend formula for chart analysis, CADCNY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).