Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 HKDMYR
The long term trend has been UP since Apr 16th, 2019 at 0.529725
The intermediate term trend has been UP since Oct 3rd, 2019 at 0.536610
The short term trend has been DOWN since Oct 17th, 2019 at 0.532751
Smart Scan Analysis for HKDMYR
Based on a pre-defined weighted trend formula for chart analysis, HKDMYR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).