Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 CNYEUR
The long term trend has been DOWN since Jun 3rd, 2019 at 0.129145
The intermediate term trend has been UP since Sep 12th, 2019 at 0.128395
The short term trend has been UP since Sep 6th, 2019 at 0.127465
Smart Scan Analysis for CNYEUR
Based on a pre-defined weighted trend formula for chart analysis, CNYEUR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).