Forex Trend Analysis Report
Prepared for you on Monday, July 23, 2018.
Malaysian Ringt/British Pound (FOREX:MYRGBP)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 MYRGBP
The long term trend has been UP since May 2nd, 2018 at 0.186130
The intermediate term trend has been UP since Jul 19th, 2018 at 0.189615
The short term trend has been UP since Jul 17th, 2018 at 0.188510
Smart Scan Analysis for MYRGBP
Based on a pre-defined weighted trend formula for chart analysis, MYRGBP scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).