Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Euro/Malaysian Ringt (FOREX:EURMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Dec 3rd, 2018 at 4.70425
The intermediate term trend has been UP since Apr 11th, 2019 at 4.63965
The short term trend has been DOWN since May 15th, 2019 at 4.66465
Smart Scan Analysis for EURMYR
Based on a pre-defined weighted trend formula for chart analysis, EURMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).