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Forex Trend Analysis Report

Prepared for you on Monday, January 21, 2019.

Malaysian Ringt/Chinese Renminbi Yuan (FOREX:MYRCNY)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

FOREX_MYRCNY
Open High Low MYRCNY Price Change
1.64535 1.65300 1.64535 1.64870 +0.00335
Entry Signal

MarketClub’s Trade Triangles for MYRCNY

long term down The long term trend has been DOWN since Dec 4th, 2018 at 1.64245

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2019 at 1.64315

short term up The short term trend has been UP since Jan 21st, 2019 at 1.65000

Smart Scan Analysis for MYRCNY

Based on a pre-defined weighted trend formula for chart analysis, MYRCNY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for MYRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.64535 1.65300 1.64535 1.64870 +0.00335
Prev. Close Volume Bid Ask Time
1.64535 1.64660 1.65080 2019-01-21 16:54:54
Want to analyze Malaysian Ringt/Chinese Renminbi Yuan MYRCNY or another symbol? Try our Free Forex Trend Analysis Report.