Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 CNYMYR
The long term trend has been DOWN since Feb 2nd, 2020 at 0.58530714
The intermediate term trend has been UP since Feb 9th, 2020 at 0.59297856
The short term trend has been DOWN since Feb 14th, 2020 at 0.59254853
Smart Scan Analysis for CNYMYR
Based on a pre-defined weighted trend formula for chart analysis, CNYMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).