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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)

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_SGDCNH
Open High Low SGDCNH Price Change
5.11125 5.11125 5.11125 5.11125 0.00000
Entry Signal

MarketClub’s Trade Triangles for SGDCNH

long term down The long term trend has been DOWN since Jan 10th, 2020 at 5.13000

intermediate term down The intermediate term trend has been DOWN since Jan 7th, 2020 at 5.16120

short term down The short term trend has been DOWN since Jan 6th, 2020 at 5.17035

Smart Scan Analysis for SGDCNH

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

-100
Smart Scan Analysis for SGDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.11125 5.11125 5.11125 5.11125 0.00000
Prev. Close Volume Bid Ask Time
5.11125 5.11050 5.11200 2020-01-14 13:03:26
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