Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
US Dollar/Malaysian Ringt (FOREX:USDMYR)
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 USDMYR
The long term trend has been UP since Apr 16th, 2019 at 4.1495
The intermediate term trend has been DOWN since Sep 9th, 2019 at 4.1657
The short term trend has been DOWN since Sep 20th, 2019 at 4.1775
Smart Scan Analysis for USDMYR
Based on a pre-defined weighted trend formula for chart analysis, USDMYR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).