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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.

Open High Low EURMYR Price Change
4.6055 4.6094 4.5901 4.5902 -0.0153
Entry Signal

MarketClub’s Trade Triangles for EURMYR

long term up The long term trend has been UP since Jun 4th, 2019 at 4.70015

intermediate term down The intermediate term trend has been DOWN since Jul 4th, 2019 at 4.65930

short term down 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).

Smart Scan Analysis for EURMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6055 4.6094 4.5901 4.5902 -0.0153
Prev. Close Volume Bid Ask Time
4.6055 4.5868 4.5936 2019-07-23 14:15:52
Want to analyze Euro/Malaysian Ringt EURMYR or another symbol? Try our Free Forex Trend Analysis Report.