Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)
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 CNYMYR
The long term trend has been UP since Oct 3rd, 2019 at 0.60487000
The intermediate term trend has been UP since Nov 25th, 2019 at 0.59438297
The short term trend has been DOWN since Dec 2nd, 2019 at 0.59300226
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).