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Forex Trend Analysis Report

Prepared for you on Tuesday, January 15, 2019.

Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_AUDMYR
Open High Low AUDMYR Price Change
2.95510 2.95975 2.94210 2.95640 +0.00130
Entry Signal

MarketClub’s Trade Triangles for AUDMYR

long term down The long term trend has been DOWN since Dec 28th, 2018 at 2.9211

intermediate term down The intermediate term trend has been DOWN since Dec 6th, 2018 at 3.0006

short term up The short term trend has been UP since Jan 4th, 2019 at 2.9230

Smart Scan Analysis for AUDMYR

Based on a pre-defined weighted trend formula for chart analysis, AUDMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for AUDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.95510 2.95975 2.94210 2.95640 +0.00130
Prev. Close Volume Bid Ask Time
2.95510 2.95460 2.95820 2019-01-15 18:06:58
Want to analyze Australian Dollar/Malaysian Ringt AUDMYR or another symbol? Try our Free Forex Trend Analysis Report.