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Forex Trend Analysis Report

Prepared for you on Tuesday, November 21, 2017.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

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.

FOREX_HKDMYR
Open High Low HKDMYR Price Change
0.53051 0.53051 0.52889 0.52894 -0.00157
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term down The long term trend has been DOWN since Nov 15th, 2017 at 0.53546

intermediate term down The intermediate term trend has been DOWN since Nov 9th, 2017 at 0.53977

short term down The short term trend has been DOWN since Nov 6th, 2017 at 0.54170

Smart Scan Analysis for HKDMYR

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

-100
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.53051 0.53051 0.52889 0.52894 -0.00157
Prev. Close Volume Bid Ask Time
0.53051 0.52862 0.52926 2017-11-21 10:09:10
Want to analyze Hong Kong Dollar/Malaysian Ringt HKDMYR or another symbol? Try our Free Forex Trend Analysis Report.