Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
Malaysian Ringt/South Korean Won (FOREX:MYRKRW)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 MYRKRW
The long term trend has been DOWN since Oct 3rd, 2019 at 279.54000
The intermediate term trend has been UP since Nov 11th, 2019 at 281.08533
The short term trend has been DOWN since Nov 15th, 2019 at 280.00966
Smart Scan Analysis for MYRKRW
Based on a pre-defined weighted trend formula for chart analysis, MYRKRW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).