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Forex Trend Analysis Report

Prepared for you on Thursday, November 15, 2018.

Malaysian Ringt/Chinese Renminbi Yuan (FOREX:MYRCNY)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_MYRCNY
Open High Low MYRCNY Price Change
1.6621 1.6644 1.6533 1.6587 -0.0034
Entry Signal

MarketClub’s Trade Triangles for MYRCNY

long term up The long term trend has been UP since Jun 25th, 2018 at 1.6363

intermediate term down The intermediate term trend has been DOWN since Nov 1st, 2018 at 1.6559

short term down The short term trend has been DOWN since Nov 12th, 2018 at 1.6547

Smart Scan Analysis for MYRCNY

Based on a pre-defined weighted trend formula for chart analysis, MYRCNY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MYRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6621 1.6644 1.6533 1.6587 -0.0034
Prev. Close Volume Bid Ask Time
1.6621 1.6566 1.6608 2018-11-15 22:19:21
Want to analyze Malaysian Ringt/Chinese Renminbi Yuan MYRCNY or another symbol? Try our Free Forex Trend Analysis Report.