Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for AUDMYR
The long term trend has been DOWN since Mar 16th, 2018 at 3.01875
The intermediate term trend has been DOWN since Aug 10th, 2018 at 2.97885
The short term trend has been UP since Sep 12th, 2018 at 2.95840
Smart Scan Analysis for AUDMYR
Based on a pre-defined weighted trend formula for chart analysis, AUDMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).