Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
South Korean Won/Malaysian Ringt (FOREX:KRWMYR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 UP since Sep 27th, 2018 at 0.373085
The intermediate term trend has been DOWN since Oct 8th, 2018 at 0.365370
The short term trend has been DOWN since Oct 18th, 2018 at 0.365720
Smart Scan Analysis for KRWMYR
Based on a pre-defined weighted trend formula for chart analysis, KRWMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).