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Forex Trend Analysis Report

Prepared for you on Friday, December 14, 2018.

Chinese Renminbi Yuan/Malaysian Ringt (FOREX:CNYMYR)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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_CNYMYR
Open High Low CNYMYR Price Change
0.606825 0.607150 0.605395 0.605855 -0.000970
Entry Signal

MarketClub’s Trade Triangles for CNYMYR

long term up The long term trend has been UP since Dec 4th, 2018 at 0.608275

intermediate term up The intermediate term trend has been UP since Dec 4th, 2018 at 0.607475

short term up The short term trend has been UP since Dec 11th, 2018 at 0.606775

Smart Scan Analysis for CNYMYR

Based on a pre-defined weighted trend formula for chart analysis, CNYMYR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for CNYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.606825 0.607150 0.605395 0.605855 -0.000970
Prev. Close Volume Bid Ask Time
0.606825 0.605490 0.606220 2018-12-14 21:32:28
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