Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Malaysian Ringt/Euro (FOREX:MYREUR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Nov 8th, 2019 at 0.21973000
The intermediate term trend has been UP since Dec 23rd, 2019 at 0.21772704
The short term trend has been UP since Jan 8th, 2020 at 0.21910134
Smart Scan Analysis for MYREUR
Based on a pre-defined weighted trend formula for chart analysis, MYREUR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).