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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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_CNYKRW
Open High Low CNYKRW Price Change
169.17324 169.56989 168.81247 168.90573 -0.26751
Entry Signal

MarketClub’s Trade Triangles for CNYKRW

long term up The long term trend has been UP since Dec 10th, 2019 at 169.71000

intermediate term up The intermediate term trend has been UP since Jan 7th, 2020 at 168.53246

short term up The short term trend has been UP since Jan 13th, 2020 at 167.79093

Smart Scan Analysis for CNYKRW

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

+90
Smart Scan Analysis for CNYKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
169.17324 169.56989 168.81247 168.90573 -0.26751
Prev. Close Volume Bid Ask Time
169.17324 168.68545 169.12600 2020-01-21 09:50:46
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