Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 MYRNZD
The long term trend has been DOWN since Nov 1st, 2018 at 0.360780
The intermediate term trend has been UP since Feb 6th, 2019 at 0.362005
The short term trend has been UP since Feb 19th, 2019 at 0.359105
Smart Scan Analysis for MYRNZD
Based on a pre-defined weighted trend formula for chart analysis, MYRNZD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).