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Forex Trend Analysis Report

Prepared for you on Friday, March 22, 2019.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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_USDMYR
Open High Low USDMYR Price Change
4.0609 4.0609 4.0466 4.0498 -0.0111
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term down The long term trend has been DOWN since Jan 4th, 2019 at 4.1303

intermediate term down The intermediate term trend has been DOWN since Mar 20th, 2019 at 4.0618

short term down The short term trend has been DOWN since Mar 11th, 2019 at 4.0835

Smart Scan Analysis for USDMYR

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

-100
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0609 4.0609 4.0466 4.0498 -0.0111
Prev. Close Volume Bid Ask Time
4.0609 4.0473 4.0523 2019-03-21 21:30:12
Want to analyze US Dollar/Malaysian Ringt USDMYR or another symbol? Try our Free Forex Trend Analysis Report.