Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NZDMYR
The long term trend has been UP since Nov 1st, 2018 at 2.77175
The intermediate term trend has been DOWN since Feb 6th, 2019 at 2.76235
The short term trend has been DOWN since Feb 19th, 2019 at 2.78490
Smart Scan Analysis for NZDMYR
Based on a pre-defined weighted trend formula for chart analysis, NZDMYR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).