Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
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 negative trend to resume. Downtrend 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 DOWN since Sep 27th, 2018 at 266.855
The intermediate term trend has been DOWN since Nov 1st, 2018 at 270.230
The short term trend has been UP since Nov 9th, 2018 at 270.275
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).