Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 CADCNY
The long term trend has been UP since May 22nd, 2019 at 5.16120
The intermediate term trend has been UP since Aug 5th, 2019 at 5.28505
The short term trend has been DOWN since Sep 12th, 2019 at 5.38125
Smart Scan Analysis for CADCNY
Based on a pre-defined weighted trend formula for chart analysis, CADCNY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).