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Forex Trend Analysis Report

Prepared for you on Sunday, November 18, 2018.

US Dollar/Chinese Renminbi Yuan (FOREX:USDCNY)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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
6.9382 6.9382 6.9382 6.9382 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term up The long term trend has been UP since May 1st, 2018 at 6.38920

intermediate term up The intermediate term trend has been UP since Sep 27th, 2018 at 6.88685

short term down The short term trend has been DOWN since Nov 14th, 2018 at 6.94930

Smart Scan Analysis for USDCNY

Based on a pre-defined weighted trend formula for chart analysis, USDCNY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.9382 6.9382 6.9382 6.9382 0.0000
Prev. Close Volume Bid Ask Time
6.9382 6.9368 6.9396 2018-11-18 00:07:37
Want to analyze US Dollar/Chinese Renminbi Yuan USDCNY or another symbol? Try our Free Forex Trend Analysis Report.