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Forex Trend Analysis Report

Prepared for you on Thursday, November 23, 2017.

Chinese Renminbi Yuan/Australian Dollar (FOREX:CNYAUD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_CNYAUD
Open High Low CNYAUD Price Change
0.199275 0.199590 0.198900 0.199370 +0.000095
Entry Signal

MarketClub’s Trade Triangles for CNYAUD

long term up The long term trend has been UP since Oct 9th, 2017 at 0.194160

intermediate term up The intermediate term trend has been UP since Oct 6th, 2017 at 0.192310

short term down The short term trend has been DOWN since Nov 22nd, 2017 at 0.198675

Smart Scan Analysis for CNYAUD

Based on a pre-defined weighted trend formula for chart analysis, CNYAUD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for CNYAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.199275 0.199590 0.198900 0.199370 +0.000095
Prev. Close Volume Bid Ask Time
0.199275 0.199340 0.199400 2017-11-23 06:27:02
Want to analyze Chinese Renminbi Yuan/Australian Dollar CNYAUD or another symbol? Try our Free Forex Trend Analysis Report.