Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)
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 MYRJPY
The long term trend has been DOWN since Mar 1st, 2018 at 27.1340
The intermediate term trend has been UP since Jan 21st, 2019 at 26.6635
The short term trend has been DOWN since Feb 15th, 2019 at 27.0570
Smart Scan Analysis for MYRJPY
Based on a pre-defined weighted trend formula for chart analysis, MYRJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).