Forex Trend Analysis Report
Prepared for you on Tuesday, November 12, 2019.
Chinese Yuan Renminbi/Singapore Dollar (FOREX:CNYSGD)
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 CNYSGD
The long term trend has been DOWN since May 9th, 2019 at 0.19991500
The intermediate term trend has been UP since Nov 6th, 2019 at 0.19428200
The short term trend has been DOWN since Nov 11th, 2019 at 0.19366225
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).