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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2019.

Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)

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_AUDCNY
Open High Low AUDCNY Price Change
4.75425 4.77210 4.75035 4.76935 +0.01510
Entry Signal

MarketClub’s Trade Triangles for AUDCNY

long term down The long term trend has been DOWN since Dec 27th, 2018 at 4.83800

intermediate term up The intermediate term trend has been UP since May 13th, 2019 at 4.79795

short term down The short term trend has been DOWN since May 21st, 2019 at 4.74445

Smart Scan Analysis for AUDCNY

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

+55
Smart Scan Analysis for AUDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.75425 4.77210 4.75035 4.76935 +0.01510
Prev. Close Volume Bid Ask Time
4.75425 4.76320 4.77550 2019-05-23 21:19:35
Want to analyze Australian Dollar/Chinese Yuan Renminbi AUDCNY or another symbol? Try our Free Forex Trend Analysis Report.