Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Japanese Yen/Malaysian Ringt (FOREX:JPYMYR)
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 JPYMYR
The long term trend has been UP since Mar 1st, 2018 at 0.036850
The intermediate term trend has been DOWN since Nov 6th, 2018 at 0.036739
The short term trend has been DOWN since Dec 13th, 2018 at 0.036819
Smart Scan Analysis for JPYMYR
Based on a pre-defined weighted trend formula for chart analysis, JPYMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).