Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)
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.
MarketClub’s Trade Triangles for AUDMYR
The long term trend has been UP since Nov 7th, 2018 at 3.03320
The intermediate term trend has been UP since Oct 30th, 2018 at 2.97505
The short term trend has been UP since Nov 13th, 2018 at 3.02990
Smart Scan Analysis for AUDMYR
Based on a pre-defined weighted trend formula for chart analysis, AUDMYR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).