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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)

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_CNYUSD
Open High Low CNYUSD Price Change
0.14446692 0.14446901 0.14416909 0.14417740 -0.00029000
Entry Signal

MarketClub’s Trade Triangles for CNYUSD

long term up The long term trend has been UP since Dec 12th, 2019 at 0.14349261

intermediate term up The intermediate term trend has been UP since Dec 12th, 2019 at 0.14268825

short term down The short term trend has been DOWN since Jan 20th, 2020 at 0.14536574

Smart Scan Analysis for CNYUSD

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

+55
Smart Scan Analysis for CNYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14446692 0.14446901 0.14416909 0.14417740 -0.00029000
Prev. Close Volume Bid Ask Time
0.14446692 0.14415661 0.14419819 2020-01-23 09:55:34
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