Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Chinese Renminbi Yuan/ (FOREX:CNYSRD)
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 CNYSRD
The long term trend has been UP since Jan 10th, 2019 at 1.0830
The intermediate term trend has been DOWN since Mar 12th, 2019 at 1.1045
The short term trend has been UP since Feb 28th, 2019 at 1.0975
Smart Scan Analysis for CNYSRD
Based on a pre-defined weighted trend formula for chart analysis, CNYSRD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).