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Forex Trend Analysis Report

Prepared for you on Friday, November 22, 2019.

Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)

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_CNYINR
Open High Low CNYINR Price Change
10.202201 10.217886 10.190710 10.200678 -0.001523
Entry Signal

MarketClub’s Trade Triangles for CNYINR

long term up The long term trend has been UP since Nov 7th, 2019 at 10.215500

intermediate term up The intermediate term trend has been UP since Oct 13th, 2019 at 10.019000

short term down The short term trend has been DOWN since Nov 19th, 2019 at 10.212906

Smart Scan Analysis for CNYINR

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

+75
Smart Scan Analysis for CNYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.202201 10.217886 10.190710 10.200678 -0.001523
Prev. Close Volume Bid Ask Time
10.202201 10.190400 10.210956 2019-11-22 04:54:03
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