Forex Trend Analysis Report
Prepared for you on Monday, April 24, 2017.
South Korean Won/Malaysian Ringt (FOREX:KRWMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Jun 2nd, 2016 at 0.35046
The intermediate term trend has been DOWN since Apr 9th, 2017 at 0.38987
The short term trend has been UP since Apr 21st, 2017 at 0.38786
Smart Scan Analysis for KRWMYR
Based on a pre-defined weighted trend formula for chart analysis, KRWMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).