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Forex Trend Analysis Report

Prepared for you on Tuesday, November 12, 2019.

Malaysian Ringt/British Pound (FOREX:MYRGBP)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_MYRGBP
Open High Low MYRGBP Price Change
0.18778782 0.18835033 0.18774076 0.18807103 +0.00028300
Entry Signal

MarketClub’s Trade Triangles for MYRGBP

long term down The long term trend has been DOWN since Oct 11th, 2019 at 0.18944000

intermediate term down The intermediate term trend has been DOWN since Oct 11th, 2019 at 0.18944000

short term down The short term trend has been DOWN since Nov 11th, 2019 at 0.18768461

Smart Scan Analysis for MYRGBP

Based on a pre-defined weighted trend formula for chart analysis, MYRGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MYRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18778782 0.18835033 0.18774076 0.18807103 +0.00028300
Prev. Close Volume Bid Ask Time
0.18778782 0.18806117 0.18808089 2019-11-12 08:52:31
Want to analyze Malaysian Ringt/British Pound MYRGBP or another symbol? Try our Free Forex Trend Analysis Report.