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Forex Trend Analysis Report

Prepared for you on Sunday, December 9, 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
4.9531 4.9531 4.9298 4.9300 -0.0231
Entry Signal

MarketClub’s Trade Triangles for AUDCNY

long term up The long term trend has been UP since Nov 16th, 2018 at 5.08490

intermediate term down The intermediate term trend has been DOWN since Dec 5th, 2018 at 4.99150

short term down The short term trend has been DOWN since Dec 3rd, 2018 at 5.06485

Smart Scan Analysis for AUDCNY

Based on a pre-defined weighted trend formula for chart analysis, AUDCNY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for AUDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.9531 4.9531 4.9298 4.9300 -0.0231
Prev. Close Volume Bid Ask Time
4.9531 4.8985 4.9615 2018-12-09 21:13:26
Want to analyze Australian Dollar/Chinese Renminbi Yuan AUDCNY or another symbol? Try our Free Forex Trend Analysis Report.