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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Malaysian Ringt/Chinese Yuan Renminbi (FOREX:MYRCNY)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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_MYRCNY
Open High Low MYRCNY Price Change
1.6978109 1.7003587 1.6953440 1.6988883 +0.0010770
Entry Signal

MarketClub’s Trade Triangles for MYRCNY

long term down The long term trend has been DOWN since Dec 12th, 2019 at 1.6767495

intermediate term down The intermediate term trend has been DOWN since Jan 17th, 2020 at 1.6854583

short term down The short term trend has been DOWN since Jan 29th, 2020 at 1.6959662

Smart Scan Analysis for MYRCNY

Based on a pre-defined weighted trend formula for chart analysis, MYRCNY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MYRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6978109 1.7003587 1.6953440 1.6988883 +0.0010770
Prev. Close Volume Bid Ask Time
1.6978109 1.6966605 1.7011161 2020-01-29 09:43:28
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