Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 CADMYR
The long term trend has been DOWN since Nov 1st, 2017 at 3.27960
The intermediate term trend has been DOWN since Oct 31st, 2017 at 3.28700
The short term trend has been DOWN since Nov 9th, 2017 at 3.29845
Smart Scan Analysis for CADMYR
Based on a pre-defined weighted trend formula for chart analysis, CADMYR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).