Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Dec 3rd, 2018 at 5.30540
The intermediate term trend has been DOWN since Oct 25th, 2018 at 5.35485
The short term trend has been DOWN since Dec 10th, 2018 at 5.28745
Smart Scan Analysis for GBPMYR
Based on a pre-defined weighted trend formula for chart analysis, GBPMYR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).