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Forex Trend Analysis Report

Prepared for you on Thursday, December 13, 2018.

Malaysian Ringt/US Dollar (FOREX:MYRUSD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

FOREX_MYRUSD
Open High Low MYRUSD Price Change
0.239090 0.239375 0.239045 0.239050 -0.000040
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 up The intermediate term trend has been UP since Dec 2nd, 2018 at 0.239505

short term down The short term trend has been DOWN since Dec 7th, 2018 at 0.239735

Smart Scan Analysis for MYRUSD

Based on a pre-defined weighted trend formula for chart analysis, MYRUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for MYRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.239090 0.239375 0.239045 0.239050 -0.000040
Prev. Close Volume Bid Ask Time
0.239090 0.238930 0.239170 2018-12-13 10:39:47
Want to analyze Malaysian Ringt/US Dollar MYRUSD or another symbol? Try our Free Forex Trend Analysis Report.