Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since Aug 22nd, 2018 at 3.15455
The intermediate term trend has been UP since Jul 3rd, 2018 at 3.08460
The short term trend has been DOWN since Oct 17th, 2018 at 3.18580
Smart Scan Analysis for CADMYR
Based on a pre-defined weighted trend formula for chart analysis, CADMYR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).