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Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Euro/Chinese Yuan Renminbi (FOREX:EURCNY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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.
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MarketClub’s Trade Triangles for EURCNY
The long term trend has been DOWN since Jan 8th, 2020 at 7.7024
The intermediate term trend has been DOWN since Jan 7th, 2020 at 7.7551
The short term trend has been DOWN since Jan 7th, 2020 at 7.7555
Smart Scan Analysis for EURCNY
Based on a pre-defined weighted trend formula for chart analysis, EURCNY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.6094 | 7.6094 | 7.6094 | 7.6094 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.6094 | 7.5994 | 7.6194 | 2020-01-18 19:56:27 |