Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)
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 MYRCHF
The long term trend has been UP since Nov 7th, 2019 at 0.24058500
The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.23579891
The short term trend has been UP since Jan 20th, 2020 at 0.23874053
Smart Scan Analysis for MYRCHF
Based on a pre-defined weighted trend formula for chart analysis, MYRCHF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).