Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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.
MarketClub’s Trade Triangles for MYRSGD
The long term trend has been DOWN since Sep 21st, 2018 at 0.329705
The intermediate term trend has been UP since Dec 10th, 2018 at 0.330580
The short term trend has been DOWN since Dec 18th, 2018 at 0.327460
Smart Scan Analysis for MYRSGD
Based on a pre-defined weighted trend formula for chart analysis, MYRSGD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).