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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

Chinese Yuan Renminbi/Icelandic Krona (FOREX:CNYISK)

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_CNYISK
Open High Low CNYISK Price Change
17.4895 17.5970 17.4670 17.5770 +0.0875
Entry Signal

MarketClub’s Trade Triangles for CNYISK

long term down The long term trend has been DOWN since Jul 29th, 2019 at 17.6445

intermediate term up The intermediate term trend has been UP since Sep 3rd, 2019 at 17.7235

short term up The short term trend has been UP since Sep 20th, 2019 at 17.4935

Smart Scan Analysis for CNYISK

Based on a pre-defined weighted trend formula for chart analysis, CNYISK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for CNYISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.4895 17.5970 17.4670 17.5770 +0.0875
Prev. Close Volume Bid Ask Time
17.4895 17.5320 17.6220 2019-09-20 13:43:38
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