Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, November 19, 2018.

Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)

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.

FOREX_MYRCAD
Open High Low MYRCAD Price Change
0.316000 0.316440 0.314115 0.314430 -0.001570
Entry Signal

MarketClub’s Trade Triangles for MYRCAD

long term down The long term trend has been DOWN since Aug 10th, 2018 at 0.31710

intermediate term up The intermediate term trend has been UP since Oct 21st, 2018 at 0.31596

short term down The short term trend has been DOWN since Nov 16th, 2018 at 0.31411

Smart Scan Analysis for MYRCAD

Based on a pre-defined weighted trend formula for chart analysis, MYRCAD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for MYRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.316000 0.316440 0.314115 0.314430 -0.001570
Prev. Close Volume Bid Ask Time
0.316000 0.314340 0.314520 2018-11-19 08:31:34
Want to analyze Malaysian Ringt/Canadian Dollar MYRCAD or another symbol? Try our Free Forex Trend Analysis Report.