Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)
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 CNYUSD
The long term trend has been UP since Dec 12th, 2019 at 0.14349261
The intermediate term trend has been UP since Dec 12th, 2019 at 0.14268825
The short term trend has been DOWN since Jan 20th, 2020 at 0.14536574
Smart Scan Analysis for CNYUSD
Based on a pre-defined weighted trend formula for chart analysis, CNYUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).