Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
Japanese Yen/Malaysian Ringt (FOREX:JPYMYR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 JPYMYR
The long term trend has been DOWN since Nov 1st, 2017 at 0.037080
The intermediate term trend has been DOWN since Nov 1st, 2017 at 0.037080
The short term trend has been UP since Dec 13th, 2017 at 0.036025
Smart Scan Analysis for JPYMYR
Based on a pre-defined weighted trend formula for chart analysis, JPYMYR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).