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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.

Open High Low GBPMYR Price Change
5.2674 5.2674 5.2674 5.2674 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 5.30540

intermediate term down The intermediate term trend has been DOWN since Feb 11th, 2019 at 5.24110

short term up 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).

Smart Scan Analysis for GBPMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2674 5.2674 5.2674 5.2674 0.0000
Prev. Close Volume Bid Ask Time
5.2674 5.2642 5.2706 2019-02-16 12:04:43
Want to analyze British Pound/Malaysian Ringt GBPMYR or another symbol? Try our Free Forex Trend Analysis Report.