Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Aug 10th, 2018 at 0.317100
The intermediate term trend has been DOWN since Jul 20th, 2018 at 0.323160
The short term trend has been DOWN since Sep 18th, 2018 at 0.312925
Smart Scan Analysis for MYRCAD
Based on a pre-defined weighted trend formula for chart analysis, MYRCAD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).