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.
MarketClub’s Trade Triangles for MYRKRW
The long term trend has been UP since May 4th, 2017 at 262.645
The intermediate term trend has been UP since Aug 9th, 2017 at 264.710
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).