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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Malaysian Ringt/ (FOREX:MYRCNH)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

FOREX_MYRCNH
Open High Low MYRCNH Price Change
1.6666 1.6666 1.6666 1.6666 0.0000
Entry Signal

MarketClub’s Trade Triangles for MYRCNH

long term up The long term trend has been UP since May 24th, 2018 at 1.6225

intermediate term up The intermediate term trend has been UP since Sep 25th, 2018 at 1.6618

short term up The short term trend has been UP since Sep 25th, 2018 at 1.6615

Smart Scan Analysis for MYRCNH

Based on a pre-defined weighted trend formula for chart analysis, MYRCNH scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for MYRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6666 1.6666 1.6666 1.6666 0.0000
Prev. Close Volume Bid Ask Time
1.6666 1.6661 1.6671 2018-10-12 18:17:54
Want to analyze Malaysian Ringt/ MYRCNH or another symbol? Try our Free Forex Trend Analysis Report.