Forex Trend Analysis Report
Prepared for you on Saturday, February 17, 2018.
Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 CHFMYR
The long term trend has been DOWN since Nov 1st, 2017 at 4.23160
The intermediate term trend has been UP since Jan 30th, 2018 at 4.16235
The short term trend has been UP since Feb 16th, 2018 at 4.22775
Smart Scan Analysis for CHFMYR
Based on a pre-defined weighted trend formula for chart analysis, CHFMYR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).