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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)

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.

FOREX_MYRCHF
Open High Low MYRCHF Price Change
0.238595 0.240085 0.238365 0.239540 +0.000945
Entry Signal

MarketClub’s Trade Triangles for MYRCHF

long term down The long term trend has been DOWN since Jul 4th, 2018 at 0.244610

intermediate term up The intermediate term trend has been UP since Sep 27th, 2018 at 0.236345

short term up The short term trend has been UP since Oct 16th, 2018 at 0.238775

Smart Scan Analysis for MYRCHF

Based on a pre-defined weighted trend formula for chart analysis, MYRCHF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for MYRCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.238595 0.240085 0.238365 0.239540 +0.000945
Prev. Close Volume Bid Ask Time
0.238595 0.239510 0.239570 2018-10-19 18:36:14
Want to analyze Malaysian Ringt/Swiss Franc MYRCHF or another symbol? Try our Free Forex Trend Analysis Report.