Forex Trend Analysis Report
Prepared for you on Thursday, September 19, 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.
MarketClub’s Trade Triangles for MYRGBP
The long term trend has been UP since Jun 3rd, 2019 at 0.189900
The intermediate term trend has been DOWN since Aug 22nd, 2019 at 0.195275
The short term trend has been DOWN since Sep 4th, 2019 at 0.194425
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).