Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Malaysian Ringt/South Korean Won (FOREX:MYRKRW)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.
MarketClub’s Trade Triangles for MYRKRW
The long term trend has been DOWN since May 8th, 2018 at 271.250
The intermediate term trend has been DOWN since Apr 30th, 2018 at 272.075
The short term trend has been DOWN since May 21st, 2018 at 271.240
Smart Scan Analysis for MYRKRW
Based on a pre-defined weighted trend formula for chart analysis, MYRKRW scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).