Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
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 GBPMYR
The long term trend has been UP since May 13th, 2019 at 5.45935
The intermediate term trend has been DOWN since May 16th, 2019 at 5.32200
The short term trend has been UP since May 13th, 2019 at 5.42805
Smart Scan Analysis for GBPMYR
Based on a pre-defined weighted trend formula for chart analysis, GBPMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).