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Forex Trend Analysis Report

Prepared for you on Sunday, August 19, 2018.

Chinese Renminbi Yuan/Danish Krone (FOREX:CNYDKK)

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_CNYDKK
Open High Low CNYDKK Price Change
0.947775 0.947775 0.947775 0.947775 0.000000
Entry Signal

MarketClub’s Trade Triangles for CNYDKK

long term down The long term trend has been DOWN since Jun 22nd, 2018 at 0.945275

intermediate term down The intermediate term trend has been DOWN since Jun 22nd, 2018 at 0.984340

short term down The short term trend has been DOWN since Aug 15th, 2018 at 0.947330

Smart Scan Analysis for CNYDKK

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

-80
Smart Scan Analysis for CNYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.947775 0.947775 0.947775 0.947775 0.000000
Prev. Close Volume Bid Ask Time
0.947775 0.946570 0.948980 2018-08-19 08:04:35
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