Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Malaysian Ringt/South African Rand (FOREX:MYRZAR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
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 Aug 11th, 2019 at 3.6528500
The intermediate term trend has been DOWN since Dec 2nd, 2019 at 3.4960191
The short term trend has been UP since Dec 9th, 2019 at 3.5271485
Smart Scan Analysis for MYRZAR
Based on a pre-defined weighted trend formula for chart analysis, MYRZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).