Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 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 Aug 24th, 2017 at 0.38788
The intermediate term trend has been DOWN since Dec 4th, 2017 at 0.37356
The short term trend has been UP since Dec 13th, 2017 at 0.37486
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).