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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2019.

Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)

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_CNYJPY
Open High Low CNYJPY Price Change
15.8435 15.8710 15.8415 15.8710 +0.0275
Entry Signal

MarketClub’s Trade Triangles for CNYJPY

long term down The long term trend has been DOWN since May 9th, 2019 at 16.149

intermediate term down The intermediate term trend has been DOWN since May 1st, 2019 at 16.504

short term down The short term trend has been DOWN since May 23rd, 2019 at 15.884

Smart Scan Analysis for CNYJPY

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

-90
Smart Scan Analysis for CNYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.8435 15.8710 15.8415 15.8710 +0.0275
Prev. Close Volume Bid Ask Time
15.8435 15.7680 15.9740 2019-05-25 15:10:00
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