Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Thursday, June 21, 2018.

British Pound/Malaysian Ringt (FOREX:GBPMYR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.

FOREX_GBPMYR
Open High Low GBPMYR Price Change
5.27960 5.31230 5.26185 5.31230 +0.03270
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term down The long term trend has been DOWN since May 1st, 2018 at 5.36865

intermediate term down The intermediate term trend has been DOWN since Jun 19th, 2018 at 5.26765

short term down The short term trend has been DOWN since Jun 21st, 2018 at 5.26500

Smart Scan Analysis for GBPMYR

Based on a pre-defined weighted trend formula for chart analysis, GBPMYR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for GBPMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.27960 5.31230 5.26185 5.31230 +0.03270
Prev. Close Volume Bid Ask Time
5.27960 5.30940 5.31520 2018-06-21 10:24:53
Want to analyze British Pound/Malaysian Ringt GBPMYR or another symbol? Try our Free Forex Trend Analysis Report.