Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)
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 JPYCNY
The long term trend has been UP since May 9th, 2019 at 0.06192500
The intermediate term trend has been UP since Dec 3rd, 2019 at 0.06504815
The short term trend has been UP since Dec 2nd, 2019 at 0.06428355
Smart Scan Analysis for JPYCNY
Based on a pre-defined weighted trend formula for chart analysis, JPYCNY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).