Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Malaysian Ringt/US Dollar (FOREX:MYRUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 MYRUSD
The long term trend has been DOWN since Jul 2nd, 2018 at 0.247055
The intermediate term trend has been UP since Dec 2nd, 2018 at 0.239505
The short term trend has been DOWN since Dec 7th, 2018 at 0.239735
Smart Scan Analysis for MYRUSD
Based on a pre-defined weighted trend formula for chart analysis, MYRUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).