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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_JPYCNY
Open High Low JPYCNY Price Change
0.065223 0.065412 0.065206 0.065346 +0.000123
Entry Signal

MarketClub’s Trade Triangles for JPYCNY

long term up The long term trend has been UP since May 9th, 2019 at 0.061925

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2019 at 0.065487

short term down The short term trend has been DOWN since Oct 7th, 2019 at 0.066668

Smart Scan Analysis for JPYCNY

Based on a pre-defined weighted trend formula for chart analysis, JPYCNY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for JPYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.065223 0.065412 0.065206 0.065346 +0.000123
Prev. Close Volume Bid Ask Time
0.065223 0.064927 0.065764 2019-10-14 10:00:02
Want to analyze Japanese Yen/Chinese Yuan Renminbi JPYCNY or another symbol? Try our Free Forex Trend Analysis Report.