Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 EURCNH
The long term trend has been UP since May 13th, 2019 at 7.77235
The intermediate term trend has been UP since Oct 8th, 2019 at 7.85355
The short term trend has been DOWN since Oct 10th, 2019 at 7.81781
Smart Scan Analysis for EURCNH
Based on a pre-defined weighted trend formula for chart analysis, EURCNH scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).