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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Chinese Yuan Renminbi/Bulgarian Lev (FOREX:CNYBGN)

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_CNYBGN
Open High Low CNYBGN Price Change
0.25600526 0.25640431 0.25594830 0.25629410 +0.00028900
Entry Signal

MarketClub’s Trade Triangles for CNYBGN

long term up The long term trend has been UP since Jan 8th, 2020 at 0.25393155

intermediate term up The intermediate term trend has been UP since Jan 5th, 2020 at 0.25219575

short term up The short term trend has been UP since Jan 27th, 2020 at 0.25583113

Smart Scan Analysis for CNYBGN

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

+100
Smart Scan Analysis for CNYBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.25600526 0.25640431 0.25594830 0.25629410 +0.00028900
Prev. Close Volume Bid Ask Time
0.25600526 0.25595822 0.25662997 2020-01-29 05:53:40
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