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Forex Trend Analysis Report

Prepared for you on Saturday, January 19, 2019.

Malaysian Ringt/South African Rand (FOREX:MYRZAR)

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_MYRZAR
Open High Low MYRZAR Price Change
3.33785 3.36665 3.33170 3.36095 +0.02310
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 3.25105

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2019 at 3.37840

short term down The short term trend has been DOWN since Jan 3rd, 2019 at 3.44950

Smart Scan Analysis for MYRZAR

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

-100
Smart Scan Analysis for MYRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.33785 3.36665 3.33170 3.36095 +0.02310
Prev. Close Volume Bid Ask Time
3.33785 3.35400 3.36790 2019-01-18 18:06:37
Want to analyze Malaysian Ringt/South African Rand MYRZAR or another symbol? Try our Free Forex Trend Analysis Report.