Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Chinese Renminbi Yuan/Swiss Franc (FOREX:CNYCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 0.14222
The intermediate term trend has been UP since Jan 29th, 2019 at 0.14757
The short term trend has been DOWN since Feb 11th, 2019 at 0.14815
Smart Scan Analysis for CNYCHF
Based on a pre-defined weighted trend formula for chart analysis, CNYCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).