Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Euro/Malaysian Ringt (FOREX:EURMYR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 EURMYR
The long term trend has been DOWN since Nov 6th, 2017 at 4.91100
The intermediate term trend has been UP since Jun 12th, 2018 at 4.70995
The short term trend has been UP since Jun 21st, 2018 at 4.65330
Smart Scan Analysis for EURMYR
Based on a pre-defined weighted trend formula for chart analysis, EURMYR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).