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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.

FOREX_MYRKRW
Open High Low MYRKRW Price Change
271.880 271.905 270.930 271.120 -0.760
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term down The long term trend has been DOWN since May 8th, 2018 at 271.250

intermediate term down The intermediate term trend has been DOWN since Apr 30th, 2018 at 272.075

short term down 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).

-100
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
271.880 271.905 270.930 271.120 -0.760
Prev. Close Volume Bid Ask Time
271.880 270.800 271.440 2018-05-22 05:11:41
Want to analyze Malaysian Ringt/South Korean Won MYRKRW or another symbol? Try our Free Forex Trend Analysis Report.