Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
US Dollar/Chinese Yuan Renminbi Offshore (FOREX:USDCNH)
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 USDCNH
The long term trend has been UP since May 5th, 2019 at 6.80825
The intermediate term trend has been UP since Jul 29th, 2019 at 6.89939
The short term trend has been UP since Aug 19th, 2019 at 7.06395
Smart Scan Analysis for USDCNH
Based on a pre-defined weighted trend formula for chart analysis, USDCNH scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).