Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 HKDMYR
The long term trend has been UP since Aug 24th, 2017 at 0.55894
The intermediate term trend has been DOWN since Aug 28th, 2017 at 0.54529
The short term trend has been DOWN since Sep 22nd, 2017 at 0.53645
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).