Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 Apr 23rd, 2018 at 0.359140
The short term trend has been DOWN since May 18th, 2018 at 0.363565
Smart Scan Analysis for MYRNZD
Based on a pre-defined weighted trend formula for chart analysis, MYRNZD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).