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Forex Trend Analysis Report

Prepared for you on Wednesday, December 12, 2018.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.

Open High Low USDMYR Price Change
4.1835 4.1920 4.1826 4.1835 0.0000
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 down The intermediate term trend has been DOWN since Dec 3rd, 2018 at 4.1745

short term up The short term trend has been UP since Dec 7th, 2018 at 4.1720

Smart Scan Analysis for USDMYR

Based on a pre-defined weighted trend formula for chart analysis, USDMYR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1835 4.1920 4.1826 4.1835 0.0000
Prev. Close Volume Bid Ask Time
4.1835 4.1810 4.1860 2018-12-12 18:59:28
Want to analyze US Dollar/Malaysian Ringt USDMYR or another symbol? Try our Free Forex Trend Analysis Report.