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Forex Trend Analysis Report

Prepared for you on Friday, September 21, 2018.

Chinese Renminbi Yuan/Indian Rupee (FOREX:CNYINR)

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_CNYINR
Open High Low CNYINR Price Change
10.5230 10.5850 10.4910 10.5365 +0.0135
Entry Signal

MarketClub’s Trade Triangles for CNYINR

long term up The long term trend has been UP since Sep 18th, 2018 at 10.605

intermediate term up The intermediate term trend has been UP since Aug 16th, 2018 at 10.198

short term down The short term trend has been DOWN since Sep 20th, 2018 at 10.521

Smart Scan Analysis for CNYINR

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

+85
Smart Scan Analysis for CNYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.5230 10.5850 10.4910 10.5365 +0.0135
Prev. Close Volume Bid Ask Time
10.5230 10.5270 10.5460 2018-09-21 18:25:52
Want to analyze Chinese Renminbi Yuan/Indian Rupee CNYINR or another symbol? Try our Free Forex Trend Analysis Report.