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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Chinese Yuan Renminbi/New Zealand Dollar (FOREX:CNYNZD)

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_CNYNZD
Open High Low CNYNZD Price Change
0.22062163 0.22129122 0.22049126 0.22124596 +0.00062400
Entry Signal

MarketClub’s Trade Triangles for CNYNZD

long term down The long term trend has been DOWN since Dec 3rd, 2019 at 0.21776000

intermediate term up The intermediate term trend has been UP since Jan 17th, 2020 at 0.22029438

short term up The short term trend has been UP since Jan 27th, 2020 at 0.21956026

Smart Scan Analysis for CNYNZD

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

+70
Smart Scan Analysis for CNYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22062163 0.22129122 0.22049126 0.22124596 +0.00062400
Prev. Close Volume Bid Ask Time
0.22062163 0.22115734 0.22133458 2020-01-29 07:06:03
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