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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.

FOREX_EURMYR
Open High Low EURMYR Price Change
4.75135 4.77015 4.73635 4.73680 -0.01455
Entry Signal

MarketClub’s Trade Triangles for EURMYR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 4.70425

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2018 at 4.70425

short term up 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).

-85
Smart Scan Analysis for EURMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.75135 4.77015 4.73635 4.73680 -0.01455
Prev. Close Volume Bid Ask Time
4.75135 4.73330 4.74030 2018-12-11 12:55:17
Want to analyze Euro/Malaysian Ringt EURMYR or another symbol? Try our Free Forex Trend Analysis Report.