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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

US Dollar/Chinese Yuan Renminbi (FOREX:USDCNY)

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_USDCNY
Open High Low USDCNY Price Change
7.0916 7.0916 7.0916 7.0916 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term up The long term trend has been UP since May 8th, 2019 at 6.7927

intermediate term down The intermediate term trend has been DOWN since Sep 16th, 2019 at 7.0685

short term down The short term trend has been DOWN since Sep 20th, 2019 at 7.0840

Smart Scan Analysis for USDCNY

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

-70
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.0916 7.0916 7.0916 7.0916 0.0000
Prev. Close Volume Bid Ask Time
7.0916 7.0906 7.0926 2019-09-21 06:50:43
Want to analyze US Dollar/Chinese Yuan Renminbi USDCNY or another symbol? Try our Free Forex Trend Analysis Report.