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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2019.

Euro/Malaysian Ringt (FOREX:EURMYR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_EURMYR
Open High Low EURMYR Price Change
4.6229 4.6229 4.6229 4.6229 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMYR

long term down The long term trend has been DOWN since Sep 12th, 2019 at 4.5700

intermediate term up The intermediate term trend has been UP since Dec 3rd, 2019 at 4.6056

short term up The short term trend has been UP since Nov 17th, 2019 at 4.5726

Smart Scan Analysis for EURMYR

Based on a pre-defined weighted trend formula for chart analysis, EURMYR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for EURMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6229 4.6229 4.6229 4.6229 0.0000
Prev. Close Volume Bid Ask Time
4.6143 4.5429 4.7029 2019-12-04 07:16:01
Want to analyze Euro/Malaysian Ringt EURMYR or another symbol? Try our Free Forex Trend Analysis Report.