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Forex Trend Analysis Report

Prepared for you on Saturday, January 25, 2020.

Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_CNYDKK
Open High Low CNYDKK Price Change
0.9771262 0.9771262 0.9771262 0.9771262 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CNYDKK

long term up The long term trend has been UP since Dec 25th, 2019 at 0.9701476

intermediate term up The intermediate term trend has been UP since Jan 10th, 2020 at 0.9723706

short term down The short term trend has been DOWN since Jan 21st, 2020 at 0.9763227

Smart Scan Analysis for CNYDKK

Based on a pre-defined weighted trend formula for chart analysis, CNYDKK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for CNYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9771262 0.9771262 0.9771262 0.9771262 0.0000000
Prev. Close Volume Bid Ask Time
0.9771262 0.9758485 0.9784038 2020-01-25 09:00:31
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