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Forex Trend Analysis Report

Prepared for you on Wednesday, October 18, 2017.

Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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
0.320985 0.321065 0.320850 0.320900 -0.000085
Entry Signal

MarketClub’s Trade Triangles for MYRSGD

long term down The long term trend has been DOWN since Aug 1st, 2017 at 0.31671

intermediate term down The intermediate term trend has been DOWN since Oct 16th, 2017 at 0.31919

short term up The short term trend has been UP since Oct 17th, 2017 at 0.32141

Smart Scan Analysis for MYRSGD

Based on a pre-defined weighted trend formula for chart analysis, MYRSGD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for MYRSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.320985 0.321065 0.320850 0.320900 -0.000085
Prev. Close Volume Bid Ask Time
0.320985 0.320830 0.320970 2017-10-18 01:34:04
Want to analyze Malaysian Ringt/Singapore Dollar MYRSGD or another symbol? Try our Free Forex Trend Analysis Report.