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Forex Trend Analysis Report

Prepared for you on Saturday, January 25, 2020.

Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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_CNYMYR
Open High Low CNYMYR Price Change
0.58608560 0.58608560 0.58605677 0.58608560 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYMYR

long term up The long term trend has been UP since Oct 3rd, 2019 at 0.60487000

intermediate term down The intermediate term trend has been DOWN since Jan 24th, 2020 at 0.58559851

short term down The short term trend has been DOWN since Jan 20th, 2020 at 0.59058790

Smart Scan Analysis for CNYMYR

Based on a pre-defined weighted trend formula for chart analysis, CNYMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for CNYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.58608560 0.58608560 0.58605677 0.58608560 0.00000000
Prev. Close Volume Bid Ask Time
0.58608560 0.58572520 0.58644600 2020-01-25 09:08:02
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