Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for CADMYR
The long term trend has been DOWN since Mar 15th, 2018 at 2.99915
The intermediate term trend has been UP since Apr 10th, 2018 at 3.05780
The short term trend has been UP since May 21st, 2018 at 3.11305
Smart Scan Analysis for CADMYR
Based on a pre-defined weighted trend formula for chart analysis, CADMYR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).