Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
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 Jun 19th, 2018 at 278.075
The intermediate term trend has been DOWN since Jul 26th, 2018 at 274.705
The short term trend has been UP since Sep 17th, 2018 at 272.265
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).