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Forex Trend Analysis Report

Prepared for you on Tuesday, January 15, 2019.

Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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
0.323985 0.324305 0.322310 0.322355 -0.001630
Entry Signal

MarketClub’s Trade Triangles for MYRCAD

long term up The long term trend has been UP since Dec 4th, 2018 at 0.319395

intermediate term up The intermediate term trend has been UP since Oct 21st, 2018 at 0.315960

short term up The short term trend has been UP since Jan 15th, 2019 at 0.324170

Smart Scan Analysis for MYRCAD

Based on a pre-defined weighted trend formula for chart analysis, MYRCAD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for MYRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.323985 0.324305 0.322310 0.322355 -0.001630
Prev. Close Volume Bid Ask Time
0.323985 0.322320 0.322390 2019-01-15 22:53:51
Want to analyze Malaysian Ringt/Canadian Dollar MYRCAD or another symbol? Try our Free Forex Trend Analysis Report.