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Forex Trend Analysis Report

Prepared for you on Monday, February 18, 2019.

Chinese Renminbi Yuan/Canadian Dollar (FOREX:CNYCAD)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.

FOREX_CNYCAD
Open High Low CNYCAD Price Change
0.196415 0.196430 0.195320 0.195690 -0.000725
Entry Signal

MarketClub’s Trade Triangles for CNYCAD

long term up The long term trend has been UP since Dec 4th, 2018 at 0.193560

intermediate term up The intermediate term trend has been UP since Jan 29th, 2019 at 0.197235

short term down The short term trend has been DOWN since Feb 11th, 2019 at 0.195965

Smart Scan Analysis for CNYCAD

Based on a pre-defined weighted trend formula for chart analysis, CNYCAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for CNYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.196415 0.196430 0.195320 0.195690 -0.000725
Prev. Close Volume Bid Ask Time
0.196415 0.195400 0.195980 2019-02-18 08:03:44
Want to analyze Chinese Renminbi Yuan/Canadian Dollar CNYCAD or another symbol? Try our Free Forex Trend Analysis Report.