Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)
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.
MarketClub’s Trade Triangles for MYRHKD
The long term trend has been UP since Jan 7th, 2019 at 1.90475
The intermediate term trend has been UP since Dec 27th, 2018 at 1.89070
The short term trend has been DOWN since Jan 14th, 2019 at 1.90265
Smart Scan Analysis for MYRHKD
Based on a pre-defined weighted trend formula for chart analysis, MYRHKD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).