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Forex Trend Analysis Report

Prepared for you on Friday, February 23, 2018.

Chinese Renminbi Yuan/Japanese Yen (FOREX:CNYJPY)

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_CNYJPY
Open High Low CNYJPY Price Change
16.8645 16.8875 16.8110 16.8675 +0.0030
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 Feb 13th, 2018 at 17.1095

short term up The short term trend has been UP since Feb 20th, 2018 at 16.8145

Smart Scan Analysis for CNYJPY

Based on a pre-defined weighted trend formula for chart analysis, CNYJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for CNYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.8645 16.8875 16.8110 16.8675 +0.0030
Prev. Close Volume Bid Ask Time
16.8645 16.8460 16.8890 2018-02-23 21:18:13
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