Forex Trend Analysis Report
Prepared for you on Friday, January 19, 2018.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
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 MYRDKK
The long term trend has been UP since Nov 6th, 2017 at 1.51500
The intermediate term trend has been UP since Jan 8th, 2018 at 1.55405
The short term trend has been UP since Jan 18th, 2018 at 1.54325
Smart Scan Analysis for MYRDKK
Based on a pre-defined weighted trend formula for chart analysis, MYRDKK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).