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Forex Trend Analysis Report

Prepared for you on Friday, January 18, 2019.

Malaysian Ringt/ (FOREX:MYRCNH)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.

FOREX_MYRCNH
Open High Low MYRCNH Price Change
1.6509 1.6509 1.6509 1.6509 0.0000
Entry Signal

MarketClub’s Trade Triangles for MYRCNH

long term down The long term trend has been DOWN since Nov 16th, 2018 at 1.6533

intermediate term down The intermediate term trend has been DOWN since Nov 5th, 2018 at 1.6672

short term down The short term trend has been DOWN since Jan 16th, 2019 at 1.6509

Smart Scan Analysis for MYRCNH

Based on a pre-defined weighted trend formula for chart analysis, MYRCNH scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for MYRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6509 1.6509 1.6509 1.6509 0.0000
Prev. Close Volume Bid Ask Time
1.6509 1.6504 1.6514 2019-01-17 15:30:56
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