Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 MYRJPY
The long term trend has been DOWN since Mar 1st, 2018 at 27.134
The intermediate term trend has been DOWN since Oct 14th, 2018 at 26.901
The short term trend has been DOWN since Oct 8th, 2018 at 27.368
Smart Scan Analysis for MYRJPY
Based on a pre-defined weighted trend formula for chart analysis, MYRJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).