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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.

FOREX_MYRKRW
Open High Low MYRKRW Price Change
269.915 271.670 269.915 270.665 +0.750
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 down The intermediate term trend has been DOWN since Nov 1st, 2018 at 270.230

short term up 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).

-85
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
269.915 271.670 269.915 270.665 +0.750
Prev. Close Volume Bid Ask Time
269.915 270.310 271.020 2018-11-14 05:51:25
Want to analyze Malaysian Ringt/South Korean Won MYRKRW or another symbol? Try our Free Forex Trend Analysis Report.