Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Malaysian Ringt/Euro (FOREX:MYREUR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.
MarketClub’s Trade Triangles for MYREUR
The long term trend has been DOWN since Jun 3rd, 2019 at 0.21276
The intermediate term trend has been UP since Jul 4th, 2019 at 0.21466
The short term trend has been UP since Jul 23rd, 2019 at 0.21712
Smart Scan Analysis for MYREUR
Based on a pre-defined weighted trend formula for chart analysis, MYREUR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).