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Forex Trend Analysis Report

Prepared for you on Sunday, May 19, 2019.

Australian Dollar/Chinese Yuan Renminbi Offshore (FOREX:AUDCNH)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

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_AUDCNH
Open High Low AUDCNH Price Change
4.815860 4.816845 4.798840 4.801245 -0.014615
Entry Signal

MarketClub’s Trade Triangles for AUDCNH

long term down The long term trend has been DOWN since Dec 25th, 2018 at 4.85965

intermediate term up The intermediate term trend has been UP since May 10th, 2019 at 4.82895

short term up The short term trend has been UP since May 19th, 2019 at 4.78969

Smart Scan Analysis for AUDCNH

Based on a pre-defined weighted trend formula for chart analysis, AUDCNH scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for AUDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.815860 4.816845 4.798840 4.801245 -0.014615
Prev. Close Volume Bid Ask Time
4.815860 4.797130 4.805360 2019-05-19 16:23:34
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