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Forex Trend Analysis Report

Prepared for you on Friday, October 20, 2017.

Malaysian Ringt/South Korean Won (FOREX:MYRKRW)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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
267.960 267.960 267.480 267.805 -0.155
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 down The intermediate term trend has been DOWN since Oct 13th, 2017 at 267.315

short term down The short term trend has been DOWN since Oct 20th, 2017 at 267.495

Smart Scan Analysis for MYRKRW

Based on a pre-defined weighted trend formula for chart analysis, MYRKRW scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
267.960 267.960 267.480 267.805 -0.155
Prev. Close Volume Bid Ask Time
267.960 267.500 268.110 2017-10-20 08:01:02
Want to analyze Malaysian Ringt/South Korean Won MYRKRW or another symbol? Try our Free Forex Trend Analysis Report.