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Forex Trend Analysis Report

Prepared for you on Monday, July 16, 2018.

US Dollar/Chinese Renminbi Yuan (FOREX:USDCNY)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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_USDCNY
Open High Low USDCNY Price Change
6.6996 6.6996 6.6718 6.6855 -0.0141
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term up The long term trend has been UP since May 1st, 2018 at 6.3892

intermediate term up The intermediate term trend has been UP since Apr 24th, 2018 at 6.3221

short term up The short term trend has been UP since Jul 10th, 2018 at 6.6654

Smart Scan Analysis for USDCNY

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

+100
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.6996 6.6996 6.6718 6.6855 -0.0141
Prev. Close Volume Bid Ask Time
6.6996 6.6853 6.6857 2018-07-16 12:18:35
Want to analyze US Dollar/Chinese Renminbi Yuan USDCNY or another symbol? Try our Free Forex Trend Analysis Report.