Forex Trend Analysis Report
Prepared for you on Friday, August 18, 2017.
South Korean Won/Malaysian Ringt (FOREX:KRWMYR)
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.
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 Jul 31st, 2017 at 0.37224
The short term trend has been DOWN since Aug 17th, 2017 at 0.37609
Smart Scan Analysis for KRWMYR
Based on a pre-defined weighted trend formula for chart analysis, KRWMYR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).