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.
MarketClub’s Trade Triangles for CNYCAD
The long term trend has been UP since Dec 4th, 2018 at 0.193560
The intermediate term trend has been UP since Jan 29th, 2019 at 0.197235
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).