Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 GBPMYR
The long term trend has been UP since Sep 7th, 2018 at 5.38825
The intermediate term trend has been UP since Aug 29th, 2018 at 5.31335
The short term trend has been DOWN since Oct 14th, 2018 at 5.45895
Smart Scan Analysis for GBPMYR
Based on a pre-defined weighted trend formula for chart analysis, GBPMYR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).