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Forex Trend Analysis Report

Prepared for you on Wednesday, September 18, 2019.

New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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_NZDCNH
Open High Low NZDCNH Price Change
4.489755 4.492265 4.485000 4.487135 -0.002620
Entry Signal

MarketClub’s Trade Triangles for NZDCNH

long term down The long term trend has been DOWN since Apr 2nd, 2019 at 4.543745

intermediate term down The intermediate term trend has been DOWN since Sep 13th, 2019 at 4.498685

short term down The short term trend has been DOWN since Sep 11th, 2019 at 4.559660

Smart Scan Analysis for NZDCNH

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

-100
Smart Scan Analysis for NZDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.489755 4.492265 4.485000 4.487135 -0.002620
Prev. Close Volume Bid Ask Time
4.489755 4.486180 4.488090 2019-09-18 07:17:00
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