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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Chinese Yuan Renminbi/New Taiwan Dollar (FOREX:CNYTWD)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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_CNYTWD
Open High Low CNYTWD Price Change
4.3343389 4.3343389 4.3343389 4.3343389 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term up The long term trend has been UP since Jan 19th, 2020 at 4.3595077

intermediate term up The intermediate term trend has been UP since Jan 16th, 2020 at 4.3282994

short term down The short term trend has been DOWN since Jan 22nd, 2020 at 4.3372765

Smart Scan Analysis for CNYTWD

Based on a pre-defined weighted trend formula for chart analysis, CNYTWD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for CNYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3343389 4.3343389 4.3343389 4.3343389 0.0000000
Prev. Close Volume Bid Ask Time
4.3343389 4.2035807 4.4650972 2020-01-29 05:54:58
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