Forex Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Oct 31st, 2017 at 2.89440
The short term trend has been DOWN since Nov 9th, 2017 at 2.91165
Smart Scan Analysis for NZDMYR
Based on a pre-defined weighted trend formula for chart analysis, NZDMYR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).