Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Chinese Renminbi Yuan/Malaysian Ringt (FOREX:CNYMYR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 CNYMYR
The long term trend has been UP since Jan 23rd, 2019 at 0.609695
The intermediate term trend has been DOWN since Feb 7th, 2019 at 0.604105
The short term trend has been UP since Feb 15th, 2019 at 0.603125
Smart Scan Analysis for CNYMYR
Based on a pre-defined weighted trend formula for chart analysis, CNYMYR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).