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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

Malaysian Ringt/Hong Kong Dollar (FOREX:MYRHKD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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_MYRHKD
Open High Low MYRHKD Price Change
1.87175 1.87370 1.86740 1.87020 -0.00155
Entry Signal

MarketClub’s Trade Triangles for MYRHKD

long term down The long term trend has been DOWN since May 8th, 2018 at 1.97240

intermediate term down The intermediate term trend has been DOWN since Apr 22nd, 2018 at 2.00950

short term up The short term trend has been UP since Nov 15th, 2018 at 1.87655

Smart Scan Analysis for MYRHKD

Based on a pre-defined weighted trend formula for chart analysis, MYRHKD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for MYRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.87175 1.87370 1.86740 1.87020 -0.00155
Prev. Close Volume Bid Ask Time
1.87175 1.86980 1.87060 2018-11-16 17:37:07
Want to analyze Malaysian Ringt/Hong Kong Dollar MYRHKD or another symbol? Try our Free Forex Trend Analysis Report.