Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Chinese Renminbi Yuan/Euro (FOREX:CNYEUR)
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 CNYEUR
The long term trend has been UP since Dec 3rd, 2018 at 0.128090
The intermediate term trend has been DOWN since Mar 20th, 2019 at 0.130795
The short term trend has been UP since Mar 20th, 2019 at 0.131545
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).