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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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
4.161 4.161 4.161 4.161 0.000
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term down The long term trend has been DOWN since Nov 5th, 2019 at 4.14040

intermediate term up The intermediate term trend has been UP since Nov 25th, 2019 at 4.17875

short term down The short term trend has been DOWN since Dec 5th, 2019 at 4.17260

Smart Scan Analysis for USDMYR

Based on a pre-defined weighted trend formula for chart analysis, USDMYR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.161 4.161 4.161 4.161 0.000
Prev. Close Volume Bid Ask Time
4.161 4.159 4.163 2019-12-09 11:19:40
Want to analyze US Dollar/Malaysian Ringt USDMYR or another symbol? Try our Free Forex Trend Analysis Report.