Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Malaysian Ringt/British Pound (FOREX:MYRGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 MYRGBP
The long term trend has been UP since Dec 3rd, 2018 at 0.188480
The intermediate term trend has been UP since Feb 11th, 2019 at 0.190845
The short term trend has been DOWN since Feb 17th, 2019 at 0.190075
Smart Scan Analysis for MYRGBP
Based on a pre-defined weighted trend formula for chart analysis, MYRGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).