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Forex Trend Analysis Report

Prepared for you on Sunday, February 16, 2020.

Chinese Yuan Renminbi/CFA Franc BCEAO (FOREX:CNYXOF)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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_CNYXOF
Open High Low CNYXOF Price Change
86.73238 86.73238 86.73238 86.73238 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNYXOF

long term up The long term trend has been UP since Jan 9th, 2020 at 85.08645

intermediate term up The intermediate term trend has been UP since Feb 13th, 2020 at 86.22504

short term up The short term trend has been UP since Feb 10th, 2020 at 85.46671

Smart Scan Analysis for CNYXOF

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

+100
Smart Scan Analysis for CNYXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
86.73238 86.73238 86.73238 86.73238 0.00000
Prev. Close Volume Bid Ask Time
86.73238 86.73238 86.73238 2020-02-13 21:03:29
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