Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Sunday, February 18, 2018.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

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_SGDMYR
Open High Low SGDMYR Price Change
2.9680 2.9723 2.9677 2.9687 +0.0007
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term down The long term trend has been DOWN since Nov 9th, 2017 at 3.0960

intermediate term down The intermediate term trend has been DOWN since Jan 7th, 2018 at 3.0078

short term down The short term trend has been DOWN since Feb 14th, 2018 at 2.9691

Smart Scan Analysis for SGDMYR

Based on a pre-defined weighted trend formula for chart analysis, SGDMYR scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9680 2.9723 2.9677 2.9687 +0.0007
Prev. Close Volume Bid Ask Time
2.9680 2.9668 2.9706 2018-02-18 20:53:19
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