Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Chinese Yuan Renminbi/Icelandic Krona (FOREX:CNYISK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 CNYISK
The long term trend has been DOWN since Jul 29th, 2019 at 17.6445
The intermediate term trend has been UP since Sep 3rd, 2019 at 17.7235
The short term trend has been UP since Sep 20th, 2019 at 17.4935
Smart Scan Analysis for CNYISK
Based on a pre-defined weighted trend formula for chart analysis, CNYISK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).