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Forex Trend Analysis Report

Prepared for you on Sunday, February 17, 2019.

Swiss Franc/Chinese Renminbi Yuan (FOREX:CHFCNY)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_CHFCNY
Open High Low CHFCNY Price Change
6.74080 6.75000 6.71195 6.71385 -0.02695
Entry Signal

MarketClub’s Trade Triangles for CHFCNY

long term down The long term trend has been DOWN since Jan 1st, 2019 at 6.84350

intermediate term down The intermediate term trend has been DOWN since Jan 1st, 2019 at 6.88840

short term up The short term trend has been UP since Feb 11th, 2019 at 6.75075

Smart Scan Analysis for CHFCNY

Based on a pre-defined weighted trend formula for chart analysis, CHFCNY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CHFCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.74080 6.75000 6.71195 6.71385 -0.02695
Prev. Close Volume Bid Ask Time
6.74080 6.66980 6.75790 2019-02-17 23:52:14
Want to analyze Swiss Franc/Chinese Renminbi Yuan CHFCNY or another symbol? Try our Free Forex Trend Analysis Report.