Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Malaysian Ringt/US Dollar (FOREX:MYRUSD)
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 MYRUSD
The long term trend has been UP since Nov 7th, 2019 at 0.24233500
The intermediate term trend has been UP since Dec 12th, 2019 at 0.24081307
The short term trend has been DOWN since Jan 20th, 2020 at 0.24583927
Smart Scan Analysis for MYRUSD
Based on a pre-defined weighted trend formula for chart analysis, MYRUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).