Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2019.

Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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.

FOREX_CADCNY
Open High Low CADCNY Price Change
5.16130 5.17390 5.15885 5.17010 +0.00880
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term up The long term trend has been UP since May 22nd, 2019 at 5.16120

intermediate term up The intermediate term trend has been UP since May 7th, 2019 at 5.04715

short term up 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 +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+100
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.16130 5.17390 5.15885 5.17010 +0.00880
Prev. Close Volume Bid Ask Time
5.16130 5.16840 5.17180 2019-06-19 12:43:56
Want to analyze Canadian Dollar/Chinese Yuan Renminbi CADCNY or another symbol? Try our Free Forex Trend Analysis Report.