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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.

FOREX_GBPMYR
Open High Low GBPMYR Price Change
5.3110 5.3110 5.3110 5.3110 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term up The long term trend has been UP since May 13th, 2019 at 5.45935

intermediate term down The intermediate term trend has been DOWN since May 16th, 2019 at 5.32200

short term up 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).

-55
Smart Scan Analysis for GBPMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3110 5.3110 5.3110 5.3110 0.0000
Prev. Close Volume Bid Ask Time
5.3110 5.3078 5.3142 2019-05-19 04:21:11
Want to analyze British Pound/Malaysian Ringt GBPMYR or another symbol? Try our Free Forex Trend Analysis Report.