Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 NZDMYR
The long term trend has been DOWN since Nov 13th, 2017 at 2.89225
The intermediate term trend has been UP since Dec 13th, 2017 at 2.85680
The short term trend has been DOWN since Jan 17th, 2018 at 2.87300
Smart Scan Analysis for NZDMYR
Based on a pre-defined weighted trend formula for chart analysis, NZDMYR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).