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.
MarketClub’s Trade Triangles for NZDMYR
The long term trend has been UP since Nov 1st, 2018 at 2.77175
The intermediate term trend has been UP since Oct 21st, 2018 at 2.74515
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).