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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)

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_AUDCNY
Open High Low AUDCNY Price Change
4.7312500 4.7432656 4.7264936 4.7418259 +0.0105760
Entry Signal

MarketClub’s Trade Triangles for AUDCNY

long term down The long term trend has been DOWN since Jan 13th, 2020 at 4.7440839

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 4.7462103

short term down The short term trend has been DOWN since Jan 2nd, 2020 at 4.8605461

Smart Scan Analysis for AUDCNY

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

-90
Smart Scan Analysis for AUDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7312500 4.7432656 4.7264936 4.7418259 +0.0105760
Prev. Close Volume Bid Ask Time
4.7312500 4.7356450 4.7480067 2020-01-21 09:00:46
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