Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 CNYJPY
The long term trend has been DOWN since May 9th, 2019 at 16.1490
The intermediate term trend has been UP since Jun 30th, 2019 at 15.7780
The short term trend has been DOWN since Jul 12th, 2019 at 15.7135
Smart Scan Analysis for CNYJPY
Based on a pre-defined weighted trend formula for chart analysis, CNYJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).