Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
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.
MarketClub’s Trade Triangles for CADMYR
The long term trend has been UP since May 13th, 2019 at 3.1331
The intermediate term trend has been UP since Aug 5th, 2019 at 3.1676
The short term trend has been DOWN since Aug 14th, 2019 at 3.1517
Smart Scan Analysis for CADMYR
Based on a pre-defined weighted trend formula for chart analysis, CADMYR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).