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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2019.

Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_CNYUSD
Open High Low CNYUSD Price Change
0.14492 0.14492 0.14492 0.14492 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNYUSD

long term down The long term trend has been DOWN since May 8th, 2019 at 0.147195

intermediate term down The intermediate term trend has been DOWN since Apr 23rd, 2019 at 0.148715

short term up The short term trend has been UP since May 21st, 2019 at 0.144900

Smart Scan Analysis for CNYUSD

Based on a pre-defined weighted trend formula for chart analysis, CNYUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CNYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14492 0.14492 0.14492 0.14492 0.00000
Prev. Close Volume Bid Ask Time
0.14492 0.14471 0.14513 2019-05-25 11:00:38
Want to analyze Chinese Yuan Renminbi/US Dollar CNYUSD or another symbol? Try our Free Forex Trend Analysis Report.