Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CADMYR
The long term trend has been UP since May 13th, 2019 at 3.13310
The intermediate term trend has been UP since Apr 8th, 2019 at 3.07035
The short term trend has been DOWN since May 23rd, 2019 at 3.10685
Smart Scan Analysis for CADMYR
Based on a pre-defined weighted trend formula for chart analysis, CADMYR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).