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Forex Trend Analysis Report

Prepared for you on Saturday, February 16, 2019.

Euro/Malaysian Ringt (FOREX:EURMYR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
4.60855 4.61345 4.59470 4.60175 -0.00680
Entry Signal

MarketClub’s Trade Triangles for EURMYR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 4.70425

intermediate term down The intermediate term trend has been DOWN since Jan 2nd, 2019 at 4.71935

short term down The short term trend has been DOWN since Feb 1st, 2019 at 4.68295

Smart Scan Analysis for EURMYR

Based on a pre-defined weighted trend formula for chart analysis, EURMYR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for EURMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.60855 4.61345 4.59470 4.60175 -0.00680
Prev. Close Volume Bid Ask Time
4.60855 4.59830 4.60520 2019-02-15 13:22:00
Want to analyze Euro/Malaysian Ringt EURMYR or another symbol? Try our Free Forex Trend Analysis Report.