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Forex Trend Analysis Report

Prepared for you on Tuesday, January 22, 2019.

US Dollar/Chinese Renminbi Yuan (FOREX:USDCNY)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_USDCNY
Open High Low USDCNY Price Change
6.8020 6.8104 6.8020 6.8079 +0.0059
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term down The long term trend has been DOWN since Jan 9th, 2019 at 6.83185

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2018 at 6.92360

short term up The short term trend has been UP since Jan 15th, 2019 at 6.76980

Smart Scan Analysis for USDCNY

Based on a pre-defined weighted trend formula for chart analysis, USDCNY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.8020 6.8104 6.8020 6.8079 +0.0059
Prev. Close Volume Bid Ask Time
6.8020 6.8069 6.8089 2019-01-22 17:35:32
Want to analyze US Dollar/Chinese Renminbi Yuan USDCNY or another symbol? Try our Free Forex Trend Analysis Report.