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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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_USDMYR
Open High Low USDMYR Price Change
4.1595 4.1595 4.1522 4.1580 -0.0015
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term up The long term trend has been UP since May 1st, 2018 at 3.9608

intermediate term up The intermediate term trend has been UP since Apr 23rd, 2018 at 3.8998

short term up The short term trend has been UP since Oct 17th, 2018 at 4.1580

Smart Scan Analysis for USDMYR

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

+100
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1595 4.1595 4.1522 4.1580 -0.0015
Prev. Close Volume Bid Ask Time
4.1595 4.1555 4.1605 2018-10-19 13:52:28
Want to analyze US Dollar/Malaysian Ringt USDMYR or another symbol? Try our Free Forex Trend Analysis Report.