Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Euro/Malaysian Ringt (FOREX:EURMYR)
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.
MarketClub’s Trade Triangles for EURMYR
The long term trend has been UP since Aug 28th, 2018 at 4.79795
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 4.78780
The short term trend has been UP since Oct 10th, 2018 at 4.77890
Smart Scan Analysis for EURMYR
Based on a pre-defined weighted trend formula for chart analysis, EURMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).