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Forex Trend Analysis Report

Prepared for you on Monday, October 15, 2018.

Australian Dollar/Chinese Renminbi Yuan (FOREX:AUDCNY)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_AUDCNY
Open High Low AUDCNY Price Change
4.92615 4.94375 4.91875 4.93885 +0.01270
Entry Signal

MarketClub’s Trade Triangles for AUDCNY

long term down The long term trend has been DOWN since Oct 4th, 2018 at 4.85695

intermediate term down The intermediate term trend has been DOWN since Oct 4th, 2018 at 4.85695

short term up The short term trend has been UP since Oct 8th, 2018 at 4.87390

Smart Scan Analysis for AUDCNY

Based on a pre-defined weighted trend formula for chart analysis, AUDCNY scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for AUDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.92615 4.94375 4.91875 4.93885 +0.01270
Prev. Close Volume Bid Ask Time
4.92615 4.93640 4.94130 2018-10-15 12:59:16
Want to analyze Australian Dollar/Chinese Renminbi Yuan AUDCNY or another symbol? Try our Free Forex Trend Analysis Report.