Forex Trend Analysis Report
Prepared for you on Tuesday, June 19, 2018.
Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)
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.
MarketClub’s Trade Triangles for HKDMYR
The long term trend has been DOWN since Mar 27th, 2018 at 0.49444
The intermediate term trend has been UP since Apr 22nd, 2018 at 0.49712
The short term trend has been UP since Jun 15th, 2018 at 0.50943
Smart Scan Analysis for HKDMYR
Based on a pre-defined weighted trend formula for chart analysis, HKDMYR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).