Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Malaysian Ringt/Swedish Krona (FOREX:MYRSEK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 MYRSEK
The long term trend has been UP since Nov 1st, 2017 at 1.98015
The intermediate term trend has been DOWN since May 9th, 2018 at 2.15340
The short term trend has been UP since May 23rd, 2018 at 2.20620
Smart Scan Analysis for MYRSEK
Based on a pre-defined weighted trend formula for chart analysis, MYRSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).