Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)
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 MYRNZD
The long term trend has been UP since Mar 28th, 2018 at 0.359530
The intermediate term trend has been UP since Oct 3rd, 2018 at 0.370815
The short term trend has been DOWN since Oct 9th, 2018 at 0.371415
Smart Scan Analysis for MYRNZD
Based on a pre-defined weighted trend formula for chart analysis, MYRNZD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).