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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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_IDRCNY
Open High Low IDRCNY Price Change
0.05074532 0.05088530 0.05074532 0.05075894 +0.00001400
Entry Signal

MarketClub’s Trade Triangles for IDRCNY

long term up The long term trend has been UP since Jun 2nd, 2019 at 0.04850200

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 0.05048925

short term up The short term trend has been UP since Jan 20th, 2020 at 0.05049895

Smart Scan Analysis for IDRCNY

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

+90
Smart Scan Analysis for IDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05074532 0.05088530 0.05074532 0.05075894 +0.00001400
Prev. Close Volume Bid Ask Time
0.05074532 0.05069279 0.05082510 2020-01-23 09:35:30
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