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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.

Open High Low AUDMYR Price Change
3.00370 3.01470 3.00135 3.01220 +0.00850
Entry Signal

MarketClub’s Trade Triangles for AUDMYR

long term down The long term trend has been DOWN since Mar 16th, 2018 at 3.01875

intermediate term down The intermediate term trend has been DOWN since Aug 10th, 2018 at 2.97885

short term up 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).

Smart Scan Analysis for AUDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.00370 3.01470 3.00135 3.01220 +0.00850
Prev. Close Volume Bid Ask Time
3.00370 3.01040 3.01400 2018-09-20 14:03:53
Want to analyze Australian Dollar/Malaysian Ringt AUDMYR or another symbol? Try our Free Forex Trend Analysis Report.