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Forex Trend Analysis Report

Prepared for you on Tuesday, October 16, 2018.

Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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.

FOREX_MYRJPY
Open High Low MYRJPY Price Change
26.9080 27.0670 26.8770 27.0505 +0.1425
Entry Signal

MarketClub’s Trade Triangles for MYRJPY

long term down The long term trend has been DOWN since Mar 1st, 2018 at 27.134

intermediate term down The intermediate term trend has been DOWN since Oct 14th, 2018 at 26.901

short term down The short term trend has been DOWN since Oct 8th, 2018 at 27.368

Smart Scan Analysis for MYRJPY

Based on a pre-defined weighted trend formula for chart analysis, MYRJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for MYRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
26.9080 27.0670 26.8770 27.0505 +0.1425
Prev. Close Volume Bid Ask Time
26.9080 27.0490 27.0520 2018-10-16 12:42:05
Want to analyze Malaysian Ringt/Japanese Yen MYRJPY or another symbol? Try our Free Forex Trend Analysis Report.