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.
MarketClub’s Trade Triangles for MYRSGD
The long term trend has been DOWN since Aug 1st, 2017 at 0.31671
The intermediate term trend has been DOWN since Oct 16th, 2017 at 0.31919
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).