Forex Trend Analysis Report
Prepared for you on Tuesday, July 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.
MarketClub’s Trade Triangles for MYRSGD
The long term trend has been UP since Jun 25th, 2018 at 0.341120
The intermediate term trend has been DOWN since Jul 9th, 2018 at 0.335555
The short term trend has been DOWN since Jul 17th, 2018 at 0.336385
Smart Scan Analysis for MYRSGD
Based on a pre-defined weighted trend formula for chart analysis, MYRSGD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).