Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 AUDMYR
The long term trend has been DOWN since Dec 28th, 2018 at 2.92110
The intermediate term trend has been DOWN since Feb 5th, 2019 at 2.92825
The short term trend has been DOWN since Mar 19th, 2019 at 2.88530
Smart Scan Analysis for AUDMYR
Based on a pre-defined weighted trend formula for chart analysis, AUDMYR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).