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Forex Trend Analysis Report

Prepared for you on Saturday, February 23, 2019.

Malaysian Ringt/Euro (FOREX:MYREUR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.

FOREX_MYREUR
Open High Low MYREUR Price Change
0.216265 0.216360 0.216265 0.216360 +0.000095
Entry Signal

MarketClub’s Trade Triangles for MYREUR

long term up The long term trend has been UP since Dec 4th, 2018 at 0.21308

intermediate term up The intermediate term trend has been UP since Jan 2nd, 2019 at 0.21222

short term down The short term trend has been DOWN since Feb 17th, 2019 at 0.21666

Smart Scan Analysis for MYREUR

Based on a pre-defined weighted trend formula for chart analysis, MYREUR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for MYREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.216265 0.216360 0.216265 0.216360 +0.000095
Prev. Close Volume Bid Ask Time
0.216265 0.216230 0.216490 2019-02-23 13:48:14
Want to analyze Malaysian Ringt/Euro MYREUR or another symbol? Try our Free Forex Trend Analysis Report.