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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

Chinese Yuan Renminbi Offshore/Japanese Yen (FOREX:CNHJPY)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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_CNHJPY
Open High Low CNHJPY Price Change
15.62655 15.67500 15.56320 15.66850 +0.04195
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term up The long term trend has been UP since Dec 12th, 2019 at 15.74255

intermediate term up The intermediate term trend has been UP since Jan 8th, 2020 at 15.69500

short term down The short term trend has been DOWN since Jan 20th, 2020 at 16.01115

Smart Scan Analysis for CNHJPY

Based on a pre-defined weighted trend formula for chart analysis, CNHJPY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.62655 15.67500 15.56320 15.66850 +0.04195
Prev. Close Volume Bid Ask Time
15.62655 15.66350 15.67350 2020-01-28 17:24:05
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