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Forex Trend Analysis Report

Prepared for you on Friday, December 14, 2018.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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_SGDMYR
Open High Low SGDMYR Price Change
3.04740 3.04835 3.03590 3.03920 -0.00820
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term up The long term trend has been UP since Aug 28th, 2018 at 3.01045

intermediate term up The intermediate term trend has been UP since Oct 26th, 2018 at 3.02830

short term down The short term trend has been DOWN since Dec 14th, 2018 at 3.04110

Smart Scan Analysis for SGDMYR

Based on a pre-defined weighted trend formula for chart analysis, SGDMYR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.04740 3.04835 3.03590 3.03920 -0.00820
Prev. Close Volume Bid Ask Time
3.04740 3.03740 3.04100 2018-12-14 21:06:26
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