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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

New Zealand Dollar/Chinese Yuan Renminbi (FOREX:NZDCNY)

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_NZDCNY
Open High Low NZDCNY Price Change
4.4900695 4.4938550 4.4866625 4.4879400 -0.0021290
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term up The long term trend has been UP since Dec 3rd, 2019 at 4.5916000

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 4.5522660

short term down The short term trend has been DOWN since Feb 17th, 2020 at 4.4882324

Smart Scan Analysis for NZDCNY

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

-70
Smart Scan Analysis for NZDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4900695 4.4938550 4.4866625 4.4879400 -0.0021290
Prev. Close Volume Bid Ask Time
4.4900695 4.4820079 4.4938721 2020-02-17 02:27:17
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