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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Malaysian Ringt/South Korean Won (FOREX:MYRKRW)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

Open High Low MYRKRW Price Change
277.335 277.780 277.125 277.675 +0.340
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term up The long term trend has been UP since Jun 19th, 2018 at 278.075

intermediate term up The intermediate term trend has been UP since Jun 15th, 2018 at 272.665

short term down The short term trend has been DOWN since Jul 17th, 2018 at 277.910

Smart Scan Analysis for MYRKRW

Based on a pre-defined weighted trend formula for chart analysis, MYRKRW scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
277.335 277.780 277.125 277.675 +0.340
Prev. Close Volume Bid Ask Time
277.335 277.360 277.990 2018-07-18 04:16:46
Want to analyze Malaysian Ringt/South Korean Won MYRKRW or another symbol? Try our Free Forex Trend Analysis Report.