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Forex Trend Analysis Report

Prepared for you on Friday, September 20, 2019.

Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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_SGDCNY
Open High Low SGDCNY Price Change
5.15080 5.15765 5.14910 5.15430 +0.00350
Entry Signal

MarketClub’s Trade Triangles for SGDCNY

long term up The long term trend has been UP since May 9th, 2019 at 5.00255

intermediate term up The intermediate term trend has been UP since Aug 5th, 2019 at 5.07445

short term up The short term trend has been UP since Sep 16th, 2019 at 5.16255

Smart Scan Analysis for SGDCNY

Based on a pre-defined weighted trend formula for chart analysis, SGDCNY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for SGDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.15080 5.15765 5.14910 5.15430 +0.00350
Prev. Close Volume Bid Ask Time
5.15080 5.15280 5.15580 2019-09-20 06:21:19
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