Analyze Symbol
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.
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MarketClub’s Trade Triangles for CADCNY
The long term trend has been DOWN since Dec 4th, 2018 at 5.16920
The intermediate term trend has been DOWN since Jan 29th, 2019 at 5.07015
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).
| 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 |