Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 MYRCHF
The long term trend has been DOWN since Jan 1st, 2019 at 0.235585
The intermediate term trend has been UP since Jan 30th, 2019 at 0.242810
The short term trend has been DOWN since Feb 18th, 2019 at 0.246035
Smart Scan Analysis for MYRCHF
Based on a pre-defined weighted trend formula for chart analysis, MYRCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).