Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Chinese Yuan Renminbi/Singapore Dollar (FOREX:CNYSGD)
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 CNYSGD
The long term trend has been DOWN since May 9th, 2019 at 0.199915
The intermediate term trend has been UP since Jul 14th, 2019 at 0.198095
The short term trend has been DOWN since Jul 18th, 2019 at 0.197030
Smart Scan Analysis for CNYSGD
Based on a pre-defined weighted trend formula for chart analysis, CNYSGD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).