Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
Malaysian Ringt/Chinese Renminbi Yuan (FOREX:MYRCNY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 MYRCNY
The long term trend has been UP since Nov 9th, 2017 at 1.58260
The intermediate term trend has been UP since Jan 8th, 2018 at 1.62595
The short term trend has been UP since Jan 22nd, 2018 at 1.62945
Smart Scan Analysis for MYRCNY
Based on a pre-defined weighted trend formula for chart analysis, MYRCNY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).