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Forex Trend Analysis Report

Prepared for you on Sunday, February 16, 2020.

Malaysian Ringt/South Korean Won (FOREX:MYRKRW)

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.

FOREX_MYRKRW
Open High Low MYRKRW Price Change
285.75637 285.75637 285.75637 285.75637 0.00000
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term up The long term trend has been UP since Jan 24th, 2020 at 287.63500

intermediate term down The intermediate term trend has been DOWN since Feb 11th, 2020 at 284.97412

short term down The short term trend has been DOWN since Feb 3rd, 2020 at 289.67466

Smart Scan Analysis for MYRKRW

Based on a pre-defined weighted trend formula for chart analysis, MYRKRW scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
285.75637 285.75637 285.75637 285.75637 0.00000
Prev. Close Volume Bid Ask Time
285.75637 285.27345 286.23929 2020-02-16 13:49:59
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