Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
US Dollar/Malaysian Ringt (FOREX:USDMYR)
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 USDMYR
The long term trend has been UP since May 1st, 2018 at 3.9608
The intermediate term trend has been DOWN since Dec 3rd, 2018 at 4.1745
The short term trend has been UP since Dec 7th, 2018 at 4.1720
Smart Scan Analysis for USDMYR
Based on a pre-defined weighted trend formula for chart analysis, USDMYR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).