Forex Trend Analysis Report
Prepared for you on Monday, March 25, 2019.
Malaysian Ringt/Australian Dollar (FOREX:MYRAUD)
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 MYRAUD
The long term trend has been UP since Dec 31st, 2018 at 0.342920
The intermediate term trend has been UP since Feb 6th, 2019 at 0.341465
The short term trend has been UP since Mar 19th, 2019 at 0.346215
Smart Scan Analysis for MYRAUD
Based on a pre-defined weighted trend formula for chart analysis, MYRAUD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).