Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Euro/Malaysian Ringt (FOREX:EURMYR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.
MarketClub’s Trade Triangles for EURMYR
The long term trend has been UP since Jun 4th, 2019 at 4.70015
The intermediate term trend has been DOWN since Jul 4th, 2019 at 4.65930
The short term trend has been DOWN since Jul 23rd, 2019 at 4.60830
Smart Scan Analysis for EURMYR
Based on a pre-defined weighted trend formula for chart analysis, EURMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).