Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 MYRJPY
The long term trend has been DOWN since Mar 1st, 2018 at 27.134
The intermediate term trend has been UP since Dec 3rd, 2018 at 27.300
The short term trend has been DOWN since Dec 12th, 2018 at 26.954
Smart Scan Analysis for MYRJPY
Based on a pre-defined weighted trend formula for chart analysis, MYRJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).