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Forex Trend Analysis Report

Prepared for you on Monday, June 18, 2018.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_NZDMYR
Open High Low NZDMYR Price Change
2.76740 2.77345 2.76740 2.77345 +0.00605
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term down The long term trend has been DOWN since Mar 28th, 2018 at 2.78160

intermediate term up The intermediate term trend has been UP since Jun 5th, 2018 at 2.80205

short term down The short term trend has been DOWN since Jun 13th, 2018 at 2.79295

Smart Scan Analysis for NZDMYR

Based on a pre-defined weighted trend formula for chart analysis, NZDMYR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.76740 2.77345 2.76740 2.77345 +0.00605
Prev. Close Volume Bid Ask Time
2.76740 2.77170 2.77520 2018-06-18 01:40:16
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