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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_MYRSGD
Open High Low MYRSGD Price Change
0.330680 0.331345 0.330325 0.331295 +0.000615
Entry Signal

MarketClub’s Trade Triangles for MYRSGD

long term down The long term trend has been DOWN since Sep 21st, 2018 at 0.329705

intermediate term up The intermediate term trend has been UP since Oct 2nd, 2018 at 0.333375

short term down The short term trend has been DOWN since Oct 16th, 2018 at 0.330400

Smart Scan Analysis for MYRSGD

Based on a pre-defined weighted trend formula for chart analysis, MYRSGD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for MYRSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.330680 0.331345 0.330325 0.331295 +0.000615
Prev. Close Volume Bid Ask Time
0.330680 0.331250 0.331340 2018-10-17 08:37:02
Want to analyze Malaysian Ringt/Singapore Dollar MYRSGD or another symbol? Try our Free Forex Trend Analysis Report.