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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Malaysian Ringt/US Dollar (FOREX:MYRUSD)

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_MYRUSD
Open High Low MYRUSD Price Change
0.24518227 0.24518227 0.24500806 0.24509813 -0.00008400
Entry Signal

MarketClub’s Trade Triangles for MYRUSD

long term up The long term trend has been UP since Nov 7th, 2019 at 0.24233500

intermediate term up The intermediate term trend has been UP since Dec 12th, 2019 at 0.24081307

short term down The short term trend has been DOWN since Jan 20th, 2020 at 0.24583927

Smart Scan Analysis for MYRUSD

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

+65
Smart Scan Analysis for MYRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24518227 0.24518227 0.24500806 0.24509813 -0.00008400
Prev. Close Volume Bid Ask Time
0.24518227 0.24494795 0.24524831 2020-01-29 06:52:18
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