Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
South Korean Won/Malaysian Ringt (FOREX:KRWMYR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Jun 19th, 2018 at 0.359955
The intermediate term trend has been UP since Jul 27th, 2018 at 0.363825
The short term trend has been UP since Aug 14th, 2018 at 0.362785
Smart Scan Analysis for KRWMYR
Based on a pre-defined weighted trend formula for chart analysis, KRWMYR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).