Forex Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
South Korean Won/Malaysian Ringt (FOREX:KRWMYR)
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 KRWMYR
The long term trend has been DOWN since May 13th, 2019 at 0.35037
The intermediate term trend has been UP since Aug 29th, 2019 at 0.34811
The short term trend has been DOWN since Sep 16th, 2019 at 0.35136
Smart Scan Analysis for KRWMYR
Based on a pre-defined weighted trend formula for chart analysis, KRWMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).