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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Malaysian Ringt/Chinese Renminbi Yuan (FOREX:MYRCNY)

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.

FOREX_MYRCNY
Open High Low MYRCNY Price Change
1.64720 1.67135 1.64600 1.67135 +0.02415
Entry Signal

MarketClub’s Trade Triangles for MYRCNY

long term up The long term trend has been UP since Jun 25th, 2018 at 1.63630

intermediate term up The intermediate term trend has been UP since Jun 19th, 2018 at 1.61905

short term down The short term trend has been DOWN since Jul 18th, 2018 at 1.64640

Smart Scan Analysis for MYRCNY

Based on a pre-defined weighted trend formula for chart analysis, MYRCNY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for MYRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.64720 1.67135 1.64600 1.67135 +0.02415
Prev. Close Volume Bid Ask Time
1.64720 1.67090 1.67180 2018-07-18 14:11:39
Want to analyze Malaysian Ringt/Chinese Renminbi Yuan MYRCNY or another symbol? Try our Free Forex Trend Analysis Report.