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Forex Trend Analysis Report

Prepared for you on Tuesday, January 22, 2019.

US Dollar/ (FOREX:USDCNH)

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_USDCNH
Open High Low USDCNH Price Change
6.81409 6.81810 6.81119 6.81530 +0.00121
Entry Signal

MarketClub’s Trade Triangles for USDCNH

long term down The long term trend has been DOWN since Jan 9th, 2019 at 6.8269

intermediate term down The intermediate term trend has been DOWN since Nov 2nd, 2018 at 6.8697

short term up The short term trend has been UP since Jan 15th, 2019 at 6.7759

Smart Scan Analysis for USDCNH

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

-75
Smart Scan Analysis for USDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.81409 6.81810 6.81119 6.81530 +0.00121
Prev. Close Volume Bid Ask Time
6.81409 6.81430 6.81630 2019-01-22 16:17:12
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