Forex Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
Malaysian Ringt/ (FOREX:MYRCNH)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 MYRCNH
The long term trend has been UP since May 24th, 2018 at 1.6225
The intermediate term trend has been UP since Jun 18th, 2018 at 1.6134
The short term trend has been UP since Aug 14th, 2018 at 1.6856
Smart Scan Analysis for MYRCNH
Based on a pre-defined weighted trend formula for chart analysis, MYRCNH scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).