Forex Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
Swiss Franc/Chinese Yuan Renminbi (FOREX:CHFCNY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 CHFCNY
The long term trend has been UP since May 13th, 2019 at 6.78985
The intermediate term trend has been UP since May 9th, 2019 at 6.71485
The short term trend has been UP since Jul 10th, 2019 at 6.96315
Smart Scan Analysis for CHFCNY
Based on a pre-defined weighted trend formula for chart analysis, CHFCNY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).