Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Chinese Yuan Renminbi Offshore/Japanese Yen (FOREX:CNHJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 CNHJPY
The long term trend has been DOWN since May 9th, 2019 at 16.11500
The intermediate term trend has been UP since Jun 30th, 2019 at 15.75150
The short term trend has been DOWN since Jul 12th, 2019 at 15.70605
Smart Scan Analysis for CNHJPY
Based on a pre-defined weighted trend formula for chart analysis, CNHJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).