Forex Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Nov 9th, 2017 at 0.323600
The intermediate term trend has been DOWN since Feb 19th, 2018 at 0.334835
The short term trend has been UP since Feb 20th, 2018 at 0.337860
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).