Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Euro/Malaysian Ringt (FOREX:EURMYR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 Dec 3rd, 2018 at 4.70425
The intermediate term trend has been DOWN since Dec 3rd, 2018 at 4.70425
The short term trend has been UP since Dec 6th, 2018 at 4.73565
Smart Scan Analysis for EURMYR
Based on a pre-defined weighted trend formula for chart analysis, EURMYR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).