Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Malaysian Ringt/South African Rand (FOREX:MYRZAR)
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 MYRZAR
The long term trend has been UP since Mar 7th, 2019 at 3.53535
The intermediate term trend has been UP since Feb 11th, 2019 at 3.38355
The short term trend has been UP since Mar 20th, 2019 at 3.56590
Smart Scan Analysis for MYRZAR
Based on a pre-defined weighted trend formula for chart analysis, MYRZAR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).