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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.

Open High Low GBPMYR Price Change
5.39535 5.41045 5.38880 5.40635 +0.01100
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term up The long term trend has been UP since Sep 7th, 2018 at 5.38825

intermediate term up The intermediate term trend has been UP since Aug 29th, 2018 at 5.31335

short term down 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).

Smart Scan Analysis for GBPMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.39535 5.41045 5.38880 5.40635 +0.01100
Prev. Close Volume Bid Ask Time
5.39535 5.40310 5.40960 2018-10-23 07:11:50
Want to analyze British Pound/Malaysian Ringt GBPMYR or another symbol? Try our Free Forex Trend Analysis Report.