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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.

FOREX_NZDMYR
Open High Low NZDMYR Price Change
2.6867213 2.6876468 2.6827533 2.6870734 +0.0003520
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term up The long term trend has been UP since Oct 3rd, 2019 at 2.7929500

intermediate term down The intermediate term trend has been DOWN since Jan 7th, 2020 at 2.7142717

short term down 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).

-60
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6867213 2.6876468 2.6827533 2.6870734 +0.0003520
Prev. Close Volume Bid Ask Time
2.6867213 2.6854173 2.6887294 2020-01-20 02:11:53
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