Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
US Dollar/Malaysian Ringt (FOREX:USDMYR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 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 UP since Oct 17th, 2018 at 4.1580
Smart Scan Analysis for USDMYR
Based on a pre-defined weighted trend formula for chart analysis, USDMYR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).