Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, November 18, 2019.

Special Drawing Right/Chinese Yuan Renminbi (FOREX:SDRCNY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_SDRCNY
Open High Low SDRCNY Price Change
9.617413 9.617413 9.617413 9.617413 0.000000
Entry Signal

MarketClub’s Trade Triangles for SDRCNY

long term up The long term trend has been UP since May 13th, 2019 at 9.435500

intermediate term down The intermediate term trend has been DOWN since Nov 4th, 2019 at 9.673897

short term down The short term trend has been DOWN since Oct 30th, 2019 at 9.707519

Smart Scan Analysis for SDRCNY

Based on a pre-defined weighted trend formula for chart analysis, SDRCNY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.617413 9.617413 9.617413 9.617413 0.000000
Prev. Close Volume Bid Ask Time
9.617413 9.617413 9.617413 2019-11-18 02:08:58
Want to analyze Special Drawing Right/Chinese Yuan Renminbi SDRCNY or another symbol? Try our Free Forex Trend Analysis Report.