Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 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 Apr 24th, 2019 at 6.73130
The short term trend has been UP since Jun 14th, 2019 at 6.93570
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).