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Forex Trend Analysis Report

Prepared for you on Tuesday, January 15, 2019.

Malaysian Ringt/South Korean Won (FOREX:MYRKRW)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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
273.450 274.455 273.205 273.960 +0.510
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term down The long term trend has been DOWN since Sep 27th, 2018 at 266.855

intermediate term up The intermediate term trend has been UP since Jan 2nd, 2019 at 272.205

short term up The short term trend has been UP since Jan 15th, 2019 at 274.340

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
273.450 274.455 273.205 273.960 +0.510
Prev. Close Volume Bid Ask Time
273.450 273.640 274.280 2019-01-15 18:01:20
Want to analyze Malaysian Ringt/South Korean Won MYRKRW or another symbol? Try our Free Forex Trend Analysis Report.