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Forex Trend Analysis Report

Prepared for you on Monday, October 21, 2019.

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

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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
0.14150196 0.14152339 0.14137473 0.14141212 -0.00009000
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 Oct 14th, 2019 at 0.141215

short term up The short term trend has been UP since Oct 20th, 2019 at 0.141520

Smart Scan Analysis for CNHUSD

Based on a pre-defined weighted trend formula for chart analysis, CNHUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for CNHUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14150196 0.14152339 0.14137473 0.14141212 -0.00009000
Prev. Close Volume Bid Ask Time
0.14150196 0.14140212 0.14142211 2019-10-21 03:27:52
Want to analyze Chinese Yuan Renminbi Offshore/US Dollar CNHUSD or another symbol? Try our Free Forex Trend Analysis Report.