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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)

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.

FOREX_MYRCHF
Open High Low MYRCHF Price Change
0.23859577 0.23880349 0.23753760 0.23771453 -0.00088100
Entry Signal

MarketClub’s Trade Triangles for MYRCHF

long term up The long term trend has been UP since Nov 7th, 2019 at 0.24058500

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.23579891

short term up The short term trend has been UP since Jan 20th, 2020 at 0.23874053

Smart Scan Analysis for MYRCHF

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

+65
Smart Scan Analysis for MYRCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23859577 0.23880349 0.23753760 0.23771453 -0.00088100
Prev. Close Volume Bid Ask Time
0.23859577 0.23768135 0.23774770 2020-01-21 09:29:21
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