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Forex Trend Analysis Report

Prepared for you on Friday, December 14, 2018.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.

Open High Low NZDMYR Price Change
2.84045 2.85260 2.83560 2.85160 +0.01115
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term up The long term trend has been UP since Nov 1st, 2018 at 2.77175

intermediate term up The intermediate term trend has been UP since Oct 21st, 2018 at 2.74515

short term down The short term trend has been DOWN since Dec 13th, 2018 at 2.86075

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).

Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.84045 2.85260 2.83560 2.85160 +0.01115
Prev. Close Volume Bid Ask Time
2.84045 2.84990 2.85330 2018-12-14 13:52:40
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