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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)

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_NZDCNH
Open High Low NZDCNH Price Change
4.557560 4.567700 4.551375 4.564255 +0.006695
Entry Signal

MarketClub’s Trade Triangles for NZDCNH

long term up The long term trend has been UP since Dec 3rd, 2019 at 4.589345

intermediate term down The intermediate term trend has been DOWN since Jan 9th, 2020 at 4.591125

short term up The short term trend has been UP since Jan 21st, 2020 at 4.566440

Smart Scan Analysis for NZDCNH

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

+55
Smart Scan Analysis for NZDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.557560 4.567700 4.551375 4.564255 +0.006695
Prev. Close Volume Bid Ask Time
4.557560 4.563300 4.565210 2020-01-21 08:56:24
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