Forex Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
US Dollar/Malaysian Ringt (FOREX:USDMYR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DOWN since Sep 6th, 2017 at 4.2535
The intermediate term trend has been DOWN since Nov 9th, 2017 at 4.2144
The short term trend has been UP since Feb 20th, 2018 at 3.9013
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).