Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
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 DOWN since May 8th, 2019 at 0.147195
The intermediate term trend has been DOWN since Apr 23rd, 2019 at 0.148715
The short term trend has been UP since May 21st, 2019 at 0.144900
Smart Scan Analysis for CNYUSD
Based on a pre-defined weighted trend formula for chart analysis, CNYUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).