Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
US Dollar/Malaysian Ringt (FOREX:USDMYR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 USDMYR
The long term trend has been UP since May 1st, 2018 at 3.9608
The intermediate term trend has been UP since Apr 23rd, 2018 at 3.8998
The short term trend has been DOWN since May 22nd, 2018 at 3.9700
Smart Scan Analysis for USDMYR
Based on a pre-defined weighted trend formula for chart analysis, USDMYR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).