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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)

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_CNYINR
Open High Low CNYINR Price Change
10.285957 10.296527 10.261981 10.270578 -0.015379
Entry Signal

MarketClub’s Trade Triangles for CNYINR

long term up The long term trend has been UP since Nov 7th, 2019 at 10.215500

intermediate term up The intermediate term trend has been UP since Dec 27th, 2019 at 10.225609

short term down The short term trend has been DOWN since Jan 28th, 2020 at 10.263546

Smart Scan Analysis for CNYINR

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

+65
Smart Scan Analysis for CNYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.285957 10.296527 10.261981 10.270578 -0.015379
Prev. Close Volume Bid Ask Time
10.285957 10.260116 10.281040 2020-01-28 18:22:33
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