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Forex Trend Analysis Report

Prepared for you on Saturday, January 25, 2020.

Malaysian Ringt/Chinese Yuan Renminbi (FOREX:MYRCNY)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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_MYRCNY
Open High Low MYRCNY Price Change
1.7060477 1.7060477 1.7060477 1.7060477 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MYRCNY

long term down The long term trend has been DOWN since Dec 12th, 2019 at 1.6767495

intermediate term down The intermediate term trend has been DOWN since Jan 17th, 2020 at 1.6854583

short term up The short term trend has been UP since Jan 20th, 2020 at 1.6933001

Smart Scan Analysis for MYRCNY

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

-55
Smart Scan Analysis for MYRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7060477 1.7060477 1.7060477 1.7060477 0.0000000
Prev. Close Volume Bid Ask Time
1.7060477 1.7038169 1.7082785 2020-01-25 10:07:06
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