Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
Malaysian Ringt/Australian Dollar (FOREX:MYRAUD)
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 MYRAUD
The long term trend has been UP since Dec 31st, 2018 at 0.342920
The intermediate term trend has been DOWN since Jan 13th, 2019 at 0.336625
The short term trend has been DOWN since Jan 18th, 2019 at 0.337150
Smart Scan Analysis for MYRAUD
Based on a pre-defined weighted trend formula for chart analysis, MYRAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).