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Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

Chinese Yuan Renminbi/New Zealand Dollar (FOREX:CNYNZD)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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_CNYNZD
Open High Low CNYNZD Price Change
0.22370812 0.22417365 0.22236261 0.22256544 -0.00114300
Entry Signal

MarketClub’s Trade Triangles for CNYNZD

long term up The long term trend has been UP since Aug 25th, 2019 at 0.225185

intermediate term up The intermediate term trend has been UP since Sep 30th, 2019 at 0.225420

short term down The short term trend has been DOWN since Oct 17th, 2019 at 0.223147

Smart Scan Analysis for CNYNZD

Based on a pre-defined weighted trend formula for chart analysis, CNYNZD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for CNYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22370812 0.22417365 0.22236261 0.22256544 -0.00114300
Prev. Close Volume Bid Ask Time
0.22370812 0.22251443 0.22261645 2019-10-17 18:59:37
Want to analyze Chinese Yuan Renminbi/New Zealand Dollar CNYNZD or another symbol? Try our Free Forex Trend Analysis Report.