Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 Oct 3rd, 2019 at 2.7929500
The intermediate term trend has been DOWN since Jan 7th, 2020 at 2.7142717
The short term trend has been DOWN since Dec 31st, 2019 at 2.7518066
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).