Forex Trend Analysis Report
Prepared for you on Sunday, April 30, 2017.
Malaysian Ringt/South Korean Won (FOREX:MYRKRW)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Jun 7th, 2016 at 283.295
The intermediate term trend has been UP since Apr 10th, 2017 at 256.340
The short term trend has been UP since Apr 25th, 2017 at 258.975
Smart Scan Analysis for MYRKRW
Based on a pre-defined weighted trend formula for chart analysis, MYRKRW scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).