Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Malaysian Ringt/ (FOREX:MYRCNH)
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 MYRCNH
The long term trend has been UP since May 24th, 2018 at 1.6225
The intermediate term trend has been UP since Sep 25th, 2018 at 1.6618
The short term trend has been UP since Sep 25th, 2018 at 1.6615
Smart Scan Analysis for MYRCNH
Based on a pre-defined weighted trend formula for chart analysis, MYRCNH scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).