Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Malaysian Ringt/Euro (FOREX:MYREUR)
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 MYREUR
The long term trend has been DOWN since Aug 7th, 2019 at 0.211480
The intermediate term trend has been UP since Aug 30th, 2019 at 0.216635
The short term trend has been DOWN since Sep 13th, 2019 at 0.216350
Smart Scan Analysis for MYREUR
Based on a pre-defined weighted trend formula for chart analysis, MYREUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).