Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Chinese Renminbi Yuan/Malaysian Ringt (FOREX:CNYMYR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CNYMYR
The long term trend has been UP since Dec 4th, 2018 at 0.608275
The intermediate term trend has been UP since Dec 4th, 2018 at 0.607475
The short term trend has been UP since Dec 11th, 2018 at 0.606775
Smart Scan Analysis for CNYMYR
Based on a pre-defined weighted trend formula for chart analysis, CNYMYR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).