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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

Malaysian Ringt/US Dollar (FOREX:MYRUSD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_MYRUSD
Open High Low MYRUSD Price Change
0.24050 0.24050 0.24050 0.24050 0.00000
Entry Signal

MarketClub’s Trade Triangles for MYRUSD

long term down The long term trend has been DOWN since Jul 2nd, 2018 at 0.247055

intermediate term down The intermediate term trend has been DOWN since Apr 23rd, 2018 at 0.256410

short term down The short term trend has been DOWN since Oct 17th, 2018 at 0.240475

Smart Scan Analysis for MYRUSD

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

-100
Smart Scan Analysis for MYRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24050 0.24050 0.24050 0.24050 0.00000
Prev. Close Volume Bid Ask Time
0.24050 0.24036 0.24064 2018-10-20 04:39:37
Want to analyze Malaysian Ringt/US Dollar MYRUSD or another symbol? Try our Free Forex Trend Analysis Report.