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Forex Trend Analysis Report

Prepared for you on Sunday, February 16, 2020.

Malaysian Ringt/Indian Rupee (FOREX:MYRINR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_MYRINR
Open High Low MYRINR Price Change
17.178084 17.324923 17.177639 17.269202 +0.091118
Entry Signal

MarketClub’s Trade Triangles for MYRINR

long term up The long term trend has been UP since Aug 5th, 2019 at 16.965000

intermediate term down The intermediate term trend has been DOWN since Feb 3rd, 2020 at 17.342947

short term up The short term trend has been UP since Feb 14th, 2020 at 17.261543

Smart Scan Analysis for MYRINR

Based on a pre-defined weighted trend formula for chart analysis, MYRINR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for MYRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.178084 17.324923 17.177639 17.269202 +0.091118
Prev. Close Volume Bid Ask Time
17.178084 17.251371 17.287032 2020-02-14 17:02:09
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