Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
Chinese Yuan Renminbi/Swiss Franc (FOREX:CNYCHF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 CNYCHF
The long term trend has been DOWN since Jan 1st, 2019 at 0.14222000
The intermediate term trend has been UP since Sep 9th, 2019 at 0.13956000
The short term trend has been DOWN since Nov 12th, 2019 at 0.14160647
Smart Scan Analysis for CNYCHF
Based on a pre-defined weighted trend formula for chart analysis, CNYCHF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).