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Forex Trend Analysis Report

Prepared for you on Wednesday, December 19, 2018.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_HKDMYR
Open High Low HKDMYR Price Change
0.536320 0.536345 0.533915 0.534100 -0.002220
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term up The long term trend has been UP since Jul 2nd, 2018 at 0.51574

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2018 at 0.53305

short term down The short term trend has been DOWN since Dec 17th, 2018 at 0.53489

Smart Scan Analysis for HKDMYR

Based on a pre-defined weighted trend formula for chart analysis, HKDMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.536320 0.536345 0.533915 0.534100 -0.002220
Prev. Close Volume Bid Ask Time
0.536320 0.533780 0.534420 2018-12-19 11:09:33
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