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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2019.

Chinese Yuan Renminbi Offshore/US Dollar (FOREX:CNHUSD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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_CNHUSD
Open High Low CNHUSD Price Change
0.14548 0.14551 0.14530 0.14532 -0.00016
Entry Signal

MarketClub’s Trade Triangles for CNHUSD

long term down The long term trend has been DOWN since May 5th, 2019 at 0.146860

intermediate term up The intermediate term trend has been UP since Jun 18th, 2019 at 0.144945

short term down The short term trend has been DOWN since Jul 18th, 2019 at 0.145250

Smart Scan Analysis for CNHUSD

Based on a pre-defined weighted trend formula for chart analysis, CNHUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for CNHUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14548 0.14551 0.14530 0.14532 -0.00016
Prev. Close Volume Bid Ask Time
0.14548 0.14530 0.14534 2019-07-19 10:24:53
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