Forex Trend Analysis Report
Prepared for you on Wednesday, January 24, 2018.
Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)
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 MYRCHF
The long term trend has been UP since Sep 12th, 2017 at 0.228645
The intermediate term trend has been UP since Sep 11th, 2017 at 0.226960
The short term trend has been UP since Jan 19th, 2018 at 0.244165
Smart Scan Analysis for MYRCHF
Based on a pre-defined weighted trend formula for chart analysis, MYRCHF scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).