Forex Trend Analysis Report
Prepared for you on Friday, October 19, 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.
MarketClub’s Trade Triangles for MYRSEK
The long term trend has been DOWN since Sep 18th, 2018 at 2.15155
The intermediate term trend has been UP since Oct 5th, 2018 at 2.18770
The short term trend has been UP since Oct 18th, 2018 at 2.16160
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).