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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

Chinese Renminbi Yuan/US Dollar (FOREX:CNYUSD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_CNYUSD
Open High Low CNYUSD Price Change
0.14413 0.14433 0.14413 0.14431 +0.00018
Entry Signal

MarketClub’s Trade Triangles for CNYUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 0.156515

intermediate term down The intermediate term trend has been DOWN since Oct 16th, 2018 at 0.145205

short term down The short term trend has been DOWN since Sep 24th, 2018 at 0.145685

Smart Scan Analysis for CNYUSD

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

-90
Smart Scan Analysis for CNYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14413 0.14433 0.14413 0.14431 +0.00018
Prev. Close Volume Bid Ask Time
0.14413 0.14429 0.14433 2018-10-19 13:21:08
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