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Forex Trend Analysis Report

Prepared for you on Tuesday, August 21, 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.

Open High Low CADMYR Price Change
3.14130 3.15280 3.13975 3.14335 +0.00205
Entry Signal

MarketClub’s Trade Triangles for CADMYR

long term down The long term trend has been DOWN since Mar 15th, 2018 at 2.99915

intermediate term up The intermediate term trend has been UP since Jul 3rd, 2018 at 3.08460

short term up The short term trend has been UP since Aug 17th, 2018 at 3.14035

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).

Smart Scan Analysis for CADMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.14130 3.15280 3.13975 3.14335 +0.00205
Prev. Close Volume Bid Ask Time
3.14130 3.14140 3.14530 2018-08-21 21:19:48
Want to analyze Canadian Dollar/Malaysian Ringt CADMYR or another symbol? Try our Free Forex Trend Analysis Report.