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Forex Trend Analysis Report

Prepared for you on Friday, June 22, 2018.

Chinese Renminbi Yuan/Japanese Yen (FOREX:CNYJPY)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_CNYJPY
Open High Low CNYJPY Price Change
16.9175 16.9640 16.8985 16.9370 +0.0195
Entry Signal

MarketClub’s Trade Triangles for CNYJPY

long term down The long term trend has been DOWN since Feb 14th, 2018 at 16.7850

intermediate term down The intermediate term trend has been DOWN since May 25th, 2018 at 17.0930

short term down The short term trend has been DOWN since Jun 15th, 2018 at 17.1945

Smart Scan Analysis for CNYJPY

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

-100
Smart Scan Analysis for CNYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.9175 16.9640 16.8985 16.9370 +0.0195
Prev. Close Volume Bid Ask Time
16.9175 16.9290 16.9450 2018-06-22 10:41:33
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