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Forex Trend Analysis Report

Prepared for you on Wednesday, December 12, 2018.

Malaysian Ringt/Swedish Krona (FOREX:MYRSEK)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

Open High Low MYRSEK Price Change
2.1697 2.1893 2.1675 2.1793 +0.0096
Entry Signal

MarketClub’s Trade Triangles for MYRSEK

long term down The long term trend has been DOWN since Sep 18th, 2018 at 2.15155

intermediate term up The intermediate term trend has been UP since Dec 12th, 2018 at 2.18090

short term up The short term trend has been UP since Dec 10th, 2018 at 2.17685

Smart Scan Analysis for MYRSEK

Based on a pre-defined weighted trend formula for chart analysis, MYRSEK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MYRSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1697 2.1893 2.1675 2.1793 +0.0096
Prev. Close Volume Bid Ask Time
2.1697 2.1756 2.1830 2018-12-12 11:14:53
Want to analyze Malaysian Ringt/Swedish Krona MYRSEK or another symbol? Try our Free Forex Trend Analysis Report.