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.
MarketClub’s Trade Triangles for MYRKRW
The long term trend has been UP since Jan 24th, 2020 at 287.63500
The intermediate term trend has been DOWN since Feb 11th, 2020 at 284.97412
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).