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Forex Trend Analysis Report

Prepared for you on Wednesday, February 21, 2018.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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
3.9105 3.9263 3.9055 3.9257 +0.0152
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term down The long term trend has been DOWN since Sep 6th, 2017 at 4.2535

intermediate term down The intermediate term trend has been DOWN since Nov 9th, 2017 at 4.2144

short term up The short term trend has been UP since Feb 20th, 2018 at 3.9013

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
3.9105 3.9263 3.9055 3.9257 +0.0152
Prev. Close Volume Bid Ask Time
3.9105 3.9232 3.9282 2018-02-21 10:55:46
Want to analyze US Dollar/Malaysian Ringt USDMYR or another symbol? Try our Free Forex Trend Analysis Report.