Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Malaysian Ringt/South Korean Won (FOREX:MYRKRW)
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 MYRKRW
The long term trend has been UP since May 16th, 2019 at 285.82
The intermediate term trend has been DOWN since Aug 29th, 2019 at 287.27
The short term trend has been UP since Sep 16th, 2019 at 284.57
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).