Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 CNYEUR
The long term trend has been DOWN since Jun 3rd, 2019 at 0.129145
The intermediate term trend has been UP since Jul 8th, 2019 at 0.129485
The short term trend has been DOWN since Jul 18th, 2019 at 0.128900
Smart Scan Analysis for CNYEUR
Based on a pre-defined weighted trend formula for chart analysis, CNYEUR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).