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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2019.

Special Drawing Right/Chinese Yuan Renminbi (FOREX:SDRCNY)

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_SDRCNY
Open High Low SDRCNY Price Change
9.4883 9.4883 9.4883 9.4883 0.0000
Entry Signal

MarketClub’s Trade Triangles for SDRCNY

long term up The long term trend has been UP since May 13th, 2019 at 9.4355

intermediate term down The intermediate term trend has been DOWN since Jun 30th, 2019 at 9.5387

short term down The short term trend has been DOWN since Jul 19th, 2019 at 9.4999

Smart Scan Analysis for SDRCNY

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

-70
Smart Scan Analysis for SDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.4883 9.4883 9.4883 9.4883 0.0000
Prev. Close Volume Bid Ask Time
9.4883 9.4883 9.4883 2019-07-20 09:18:26
Want to analyze Special Drawing Right/Chinese Yuan Renminbi SDRCNY or another symbol? Try our Free Forex Trend Analysis Report.