Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Malaysian Ringt/South Korean Won (FOREX:MYRKRW)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Dec 6th, 2017 at 268.025
The short term trend has been DOWN since Dec 13th, 2017 at 266.600
Smart Scan Analysis for MYRKRW
Based on a pre-defined weighted trend formula for chart analysis, MYRKRW scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).