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.
MarketClub’s Trade Triangles for NZDMYR
The long term trend has been DOWN since Mar 28th, 2018 at 2.7816
The intermediate term trend has been DOWN since Aug 8th, 2018 at 2.7280
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).