Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Chinese Renminbi Yuan/US Dollar (FOREX:CNYUSD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jan 9th, 2019 at 0.146375
The intermediate term trend has been UP since Nov 2nd, 2018 at 0.144680
The short term trend has been UP since Feb 19th, 2019 at 0.147875
Smart Scan Analysis for CNYUSD
Based on a pre-defined weighted trend formula for chart analysis, CNYUSD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).