Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_SGDMYR
Open High Low SGDMYR Price Change
3.0171556 3.0180130 3.0086585 3.0100208 -0.0071350
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term down The long term trend has been DOWN since Jan 9th, 2020 at 3.0232000

intermediate term down The intermediate term trend has been DOWN since Dec 13th, 2019 at 3.0496626

short term down The short term trend has been DOWN since Jan 7th, 2020 at 3.0304490

Smart Scan Analysis for SGDMYR

Based on a pre-defined weighted trend formula for chart analysis, SGDMYR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0171556 3.0180130 3.0086585 3.0100208 -0.0071350
Prev. Close Volume Bid Ask Time
3.0171556 3.0081651 3.0118765 2020-01-17 13:36:08
Get a free daily report for Singapore Dollar/Malaysian Ringt (SGDMYR) - Free Trend Analysis Report.