Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, August 17, 2018.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

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.

FOREX_NZDMYR
Open High Low NZDMYR Price Change
2.70605 2.71380 2.70255 2.71300 +0.00695
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term down The long term trend has been DOWN since Mar 28th, 2018 at 2.7816

intermediate term down The intermediate term trend has been DOWN since Aug 8th, 2018 at 2.7280

short term up The short term trend has been UP since Aug 14th, 2018 at 2.7037

Smart Scan Analysis for NZDMYR

Based on a pre-defined weighted trend formula for chart analysis, NZDMYR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.70605 2.71380 2.70255 2.71300 +0.00695
Prev. Close Volume Bid Ask Time
2.70605 2.71200 2.71400 2018-08-17 09:19:42
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