Forex Trend Analysis Report
Prepared for you on Monday, May 22, 2017.
South Korean Won/Malaysian Ringt (FOREX:KRWMYR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.
MarketClub’s Trade Triangles for KRWMYR
The long term trend has been DOWN since May 4th, 2017 at 0.38048
The intermediate term trend has been DOWN since Apr 9th, 2017 at 0.38987
The short term trend has been DOWN since May 18th, 2017 at 0.38497
Smart Scan Analysis for KRWMYR
Based on a pre-defined weighted trend formula for chart analysis, KRWMYR scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).