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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.

Open High Low MYRSEK Price Change
2.1974 2.1997 2.1928 2.1932 -0.0042
Entry Signal

MarketClub’s Trade Triangles for MYRSEK

long term up The long term trend has been UP since Nov 1st, 2017 at 1.98015

intermediate term down The intermediate term trend has been DOWN since May 9th, 2018 at 2.15340

short term up 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).

Smart Scan Analysis for MYRSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1974 2.1997 2.1928 2.1932 -0.0042
Prev. Close Volume Bid Ask Time
2.1974 2.1907 2.1957 2018-05-24 07:53:58
Want to analyze Malaysian Ringt/Swedish Krona MYRSEK or another symbol? Try our Free Forex Trend Analysis Report.