Analyze Symbol
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.
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MarketClub’s Trade Triangles for EURMYR
The long term trend has been DOWN since Sep 12th, 2019 at 4.5700
The intermediate term trend has been UP since Dec 3rd, 2019 at 4.6056
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).
| 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 |