Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Saturday, March 23, 2019.

US Dollar/Chinese Renminbi Yuan (FOREX:USDCNY)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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_USDCNY
Open High Low USDCNY Price Change
6.7181 6.7181 6.7181 6.7181 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term down The long term trend has been DOWN since Jan 9th, 2019 at 6.83185

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2018 at 6.92360

short term down The short term trend has been DOWN since Mar 20th, 2019 at 6.70980

Smart Scan Analysis for USDCNY

Based on a pre-defined weighted trend formula for chart analysis, USDCNY scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.7181 6.7181 6.7181 6.7181 0.0000
Prev. Close Volume Bid Ask Time
6.7181 6.7170 6.7192 2019-03-23 03:30:43
Want to analyze US Dollar/Chinese Renminbi Yuan USDCNY or another symbol? Try our Free Forex Trend Analysis Report.