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Forex Trend Analysis Report

Prepared for you on Monday, December 10, 2018.

Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)

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.

FOREX_MYRNZD
Open High Low MYRNZD Price Change
0.348180 0.348555 0.347245 0.348365 +0.000185
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term down The long term trend has been DOWN since Nov 1st, 2018 at 0.36078

intermediate term down The intermediate term trend has been DOWN since Oct 21st, 2018 at 0.36432

short term down The short term trend has been DOWN since Dec 10th, 2018 at 0.34784

Smart Scan Analysis for MYRNZD

Based on a pre-defined weighted trend formula for chart analysis, MYRNZD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for MYRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.348180 0.348555 0.347245 0.348365 +0.000185
Prev. Close Volume Bid Ask Time
0.348180 0.348320 0.348410 2018-12-10 13:29:02
Want to analyze Malaysian Ringt/New Zealand Dollar MYRNZD or another symbol? Try our Free Forex Trend Analysis Report.