Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 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 positive trend to resume. Uptrend 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.
MarketClub’s Trade Triangles for MYRSGD
The long term trend has been UP since Nov 9th, 2017 at 0.323600
The intermediate term trend has been UP since Nov 9th, 2017 at 0.323455
The short term trend has been DOWN since Dec 8th, 2017 at 0.329915
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).