Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Malaysian Ringt/South Korean Won (FOREX:MYRKRW)
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.
MarketClub’s Trade Triangles for MYRKRW
The long term trend has been DOWN since Sep 27th, 2018 at 266.855
The intermediate term trend has been UP since Jan 2nd, 2019 at 272.205
The short term trend has been UP since Jan 15th, 2019 at 274.340
Smart Scan Analysis for MYRKRW
Based on a pre-defined weighted trend formula for chart analysis, MYRKRW scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).