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Forex Trend Analysis Report

Prepared for you on Friday, February 22, 2019.

Canadian Dollar/Chinese Renminbi Yuan (FOREX:CADCNY)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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.

FOREX_CADCNY
Open High Low CADCNY Price Change
5.08205 5.09485 5.07990 5.09275 +0.01070
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term down The long term trend has been DOWN since Dec 4th, 2018 at 5.16920

intermediate term down The intermediate term trend has been DOWN since Jan 29th, 2019 at 5.07015

short term down The short term trend has been DOWN since Feb 21st, 2019 at 5.09100

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).

-90
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.08205 5.09485 5.07990 5.09275 +0.01070
Prev. Close Volume Bid Ask Time
5.08205 5.08610 5.09940 2019-02-22 13:02:51
Want to analyze Canadian Dollar/Chinese Renminbi Yuan CADCNY or another symbol? Try our Free Forex Trend Analysis Report.