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.
MarketClub’s Trade Triangles for MYRCAD
The long term trend has been UP since Dec 4th, 2018 at 0.319395
The intermediate term trend has been UP since Oct 21st, 2018 at 0.315960
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).