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Forex Trend Analysis Report

Prepared for you on Friday, October 20, 2017.

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.

Open High Low SGDMYR Price Change
3.10925 3.10925 3.10655 3.10735 -0.00190
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term up The long term trend has been UP since Aug 11th, 2017 at 3.16015

intermediate term up The intermediate term trend has been UP since Oct 13th, 2017 at 3.12470

short term down The short term trend has been DOWN since Oct 17th, 2017 at 3.11315

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).

Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.10925 3.10925 3.10655 3.10735 -0.00190
Prev. Close Volume Bid Ask Time
3.10925 3.10550 3.10920 2017-10-20 03:05:51
Want to analyze Singapore Dollar/Malaysian Ringt SGDMYR or another symbol? Try our Free Forex Trend Analysis Report.