Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Thursday, August 17, 2017.

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.

FOREX_MYRKRW
Open High Low MYRKRW Price Change
266.12 266.12 265.98 266.06 -0.06
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term up The long term trend has been UP since May 4th, 2017 at 262.645

intermediate term up The intermediate term trend has been UP since Aug 9th, 2017 at 264.710

short term down The short term trend has been DOWN since Aug 14th, 2017 at 265.900

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).

+85
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
266.12 266.12 265.98 266.06 -0.06
Prev. Close Volume Bid Ask Time
266.12 265.76 266.36 2017-08-17 01:48:39
Want to analyze Malaysian Ringt/South Korean Won MYRKRW or another symbol? Try our Free Forex Trend Analysis Report.