Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
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 Jun 19th, 2018 at 0.359955
The intermediate term trend has been DOWN since Jun 14th, 2018 at 0.366010
The short term trend has been UP since Jun 20th, 2018 at 0.362665
Smart Scan Analysis for KRWMYR
Based on a pre-defined weighted trend formula for chart analysis, KRWMYR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).