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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

Hong Kong Dollar/Malaysian Ringt (FOREX:HKDMYR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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_HKDMYR
Open High Low HKDMYR Price Change
0.52277506 0.52285143 0.52167725 0.52205651 -0.00071900
Entry Signal

MarketClub’s Trade Triangles for HKDMYR

long term down The long term trend has been DOWN since Nov 5th, 2019 at 0.52729000

intermediate term down The intermediate term trend has been DOWN since Dec 12th, 2019 at 0.53042470

short term down The short term trend has been DOWN since Jan 8th, 2020 at 0.52614665

Smart Scan Analysis for HKDMYR

Based on a pre-defined weighted trend formula for chart analysis, HKDMYR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for HKDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52277506 0.52285143 0.52167725 0.52205651 -0.00071900
Prev. Close Volume Bid Ask Time
0.52277506 0.52173465 0.52237836 2020-01-17 13:29:48
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