Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 CHFMYR
The long term trend has been UP since Jul 3rd, 2018 at 4.08205
The intermediate term trend has been UP since May 29th, 2018 at 4.02950
The short term trend has been DOWN since Jul 6th, 2018 at 4.06905
Smart Scan Analysis for CHFMYR
Based on a pre-defined weighted trend formula for chart analysis, CHFMYR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).