Forex Trend Analysis Report
Prepared for you on Monday, June 26, 2017.
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 UP since May 4th, 2017 at 262.645
The intermediate term trend has been UP since Apr 10th, 2017 at 256.340
The short term trend has been DOWN since Jun 23rd, 2017 at 264.515
Smart Scan Analysis for MYRKRW
Based on a pre-defined weighted trend formula for chart analysis, MYRKRW scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).