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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

Malaysian Ringt/Chinese Yuan Renminbi Offshore (FOREX:MYRCNH)

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_MYRCNH
Open High Low MYRCNH Price Change
1.6945 1.6945 1.6945 1.6945 0.0000
Entry Signal

MarketClub’s Trade Triangles for MYRCNH

long term up The long term trend has been UP since Dec 24th, 2019 at 1.7085

intermediate term up The intermediate term trend has been UP since Dec 9th, 2019 at 1.6898

short term down The short term trend has been DOWN since Jan 3rd, 2020 at 1.7032

Smart Scan Analysis for MYRCNH

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

+55
Smart Scan Analysis for MYRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6945 1.6945 1.6945 1.6945 0.0000
Prev. Close Volume Bid Ask Time
1.6945 1.6895 1.6995 2020-01-14 13:02:30
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