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Forex Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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_CNYAUD
Open High Low CNYAUD Price Change
0.209550 0.210230 0.209085 0.209660 +0.000110
Entry Signal

MarketClub’s Trade Triangles for CNYAUD

long term up The long term trend has been UP since Aug 1st, 2019 at 0.213210

intermediate term up The intermediate term trend has been UP since Jul 26th, 2019 at 0.210205

short term up The short term trend has been UP since Aug 14th, 2019 at 0.210655

Smart Scan Analysis for CNYAUD

Based on a pre-defined weighted trend formula for chart analysis, CNYAUD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for CNYAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.209550 0.210230 0.209085 0.209660 +0.000110
Prev. Close Volume Bid Ask Time
0.209550 0.209630 0.209690 2019-08-19 18:37:28
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