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Forex Trend Analysis Report

Prepared for you on Monday, September 16, 2019.

Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_CNYGBP
Open High Low CNYGBP Price Change
0.113325 0.113475 0.112930 0.113475 +0.000150
Entry Signal

MarketClub’s Trade Triangles for CNYGBP

long term down The long term trend has been DOWN since Sep 13th, 2019 at 0.113280

intermediate term down The intermediate term trend has been DOWN since Aug 20th, 2019 at 0.116415

short term down The short term trend has been DOWN since Sep 4th, 2019 at 0.114660

Smart Scan Analysis for CNYGBP

Based on a pre-defined weighted trend formula for chart analysis, CNYGBP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for CNYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.113325 0.113475 0.112930 0.113475 +0.000150
Prev. Close Volume Bid Ask Time
0.113325 0.113460 0.113490 2019-09-16 02:10:15
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