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Forex Trend Analysis Report

Prepared for you on Friday, August 23, 2019.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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.

FOREX_NZDMYR
Open High Low NZDMYR Price Change
2.67940 2.68390 2.66775 2.68020 +0.00080
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term down The long term trend has been DOWN since May 22nd, 2019 at 2.71875

intermediate term down The intermediate term trend has been DOWN since Jul 29th, 2019 at 2.72875

short term down The short term trend has been DOWN since Aug 6th, 2019 at 2.70915

Smart Scan Analysis for NZDMYR

Based on a pre-defined weighted trend formula for chart analysis, NZDMYR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.67940 2.68390 2.66775 2.68020 +0.00080
Prev. Close Volume Bid Ask Time
2.67940 2.67860 2.68180 2019-08-23 14:25:23
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