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Forex Trend Analysis Report

Prepared for you on Monday, April 23, 2018.

Malaysian Ringt/Chinese Renminbi Yuan (FOREX:MYRCNY)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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
1.6138 1.6138 1.6107 1.6124 -0.0014
Entry Signal

MarketClub’s Trade Triangles for MYRCNY

long term up The long term trend has been UP since Nov 9th, 2017 at 1.5826

intermediate term up The intermediate term trend has been UP since Apr 9th, 2018 at 1.6329

short term down The short term trend has been DOWN since Apr 10th, 2018 at 1.6252

Smart Scan Analysis for MYRCNY

Based on a pre-defined weighted trend formula for chart analysis, MYRCNY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for MYRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6138 1.6138 1.6107 1.6124 -0.0014
Prev. Close Volume Bid Ask Time
1.6138 1.6103 1.6145 2018-04-23 05:18:08
Want to analyze Malaysian Ringt/Chinese Renminbi Yuan MYRCNY or another symbol? Try our Free Forex Trend Analysis Report.