Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Malaysian Ringt/Australian Dollar (FOREX:MYRAUD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jun 14th, 2019 at 0.349115
The short term trend has been UP since Jul 23rd, 2019 at 0.345810
Smart Scan Analysis for MYRAUD
Based on a pre-defined weighted trend formula for chart analysis, MYRAUD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).