Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Malaysian Ringt/Chinese Yuan Renminbi Offshore (FOREX:MYRCNH)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.
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MarketClub’s Trade Triangles for MYRCNH
The long term trend has been UP since Dec 24th, 2019 at 1.7085
The intermediate term trend has been UP since Dec 9th, 2019 at 1.6898
The short term trend has been DOWN since Jan 3rd, 2020 at 1.7032
Smart Scan Analysis for MYRCNH
Based on a pre-defined weighted trend formula for chart analysis, MYRCNH scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.6945 | 1.6945 | 1.6945 | 1.6945 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.6945 | 1.6895 | 1.6995 | 2020-01-14 13:02:30 |