Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.
MarketClub’s Trade Triangles for GBPMYR
The long term trend has been DOWN since Dec 3rd, 2018 at 5.30540
The intermediate term trend has been DOWN since Feb 11th, 2019 at 5.24110
The short term trend has been UP since Feb 15th, 2019 at 5.26325
Smart Scan Analysis for GBPMYR
Based on a pre-defined weighted trend formula for chart analysis, GBPMYR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).