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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_USDMYR
Open High Low USDMYR Price Change
4.1415 4.1415 4.1415 4.1415 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term down The long term trend has been DOWN since Nov 5th, 2019 at 4.1404

intermediate term up The intermediate term trend has been UP since Feb 2nd, 2020 at 4.0988

short term up The short term trend has been UP since Jan 20th, 2020 at 4.0672

Smart Scan Analysis for USDMYR

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

+70
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1415 4.1415 4.1415 4.1415 0.0000
Prev. Close Volume Bid Ask Time
4.1415 4.1390 4.1440 2020-02-17 01:06:20
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