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Forex Trend Analysis Report

Prepared for you on Tuesday, May 22, 2018.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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_USDMYR
Open High Low USDMYR Price Change
3.9766 3.9766 3.9645 3.9687 -0.0079
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 down The short term trend has been DOWN since May 22nd, 2018 at 3.9700

Smart Scan Analysis for USDMYR

Based on a pre-defined weighted trend formula for chart analysis, USDMYR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9766 3.9766 3.9645 3.9687 -0.0079
Prev. Close Volume Bid Ask Time
3.9766 3.9667 3.9707 2018-05-22 11:07:04
Want to analyze US Dollar/Malaysian Ringt USDMYR or another symbol? Try our Free Forex Trend Analysis Report.