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Forex Trend Analysis Report

Prepared for you on Friday, December 14, 2018.

/Japanese Yen (FOREX:CNHJPY)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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_CNHJPY
Open High Low CNHJPY Price Change
16.4756 16.4810 16.4691 16.4765 +0.0009
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term down The long term trend has been DOWN since Mar 1st, 2018 at 16.8152

intermediate term up The intermediate term trend has been UP since Dec 2nd, 2018 at 16.4295

short term up The short term trend has been UP since Dec 11th, 2018 at 16.4317

Smart Scan Analysis for CNHJPY

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

+70
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.4756 16.4810 16.4691 16.4765 +0.0009
Prev. Close Volume Bid Ask Time
16.4756 16.4747 16.4783 2018-12-14 01:32:48
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