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Forex Trend Analysis Report

Prepared for you on Tuesday, February 19, 2019.

Malaysian Ringt/Norwegian Krone (FOREX:MYRNOK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.

Open High Low MYRNOK Price Change
2.10885 2.11725 2.10305 2.10315 -0.00570
Entry Signal

MarketClub’s Trade Triangles for MYRNOK

long term up The long term trend has been UP since Dec 3rd, 2018 at 2.05805

intermediate term up The intermediate term trend has been UP since Feb 7th, 2019 at 2.08980

short term down The short term trend has been DOWN since Feb 18th, 2019 at 2.11805

Smart Scan Analysis for MYRNOK

Based on a pre-defined weighted trend formula for chart analysis, MYRNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MYRNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.10885 2.11725 2.10305 2.10315 -0.00570
Prev. Close Volume Bid Ask Time
2.10885 2.10110 2.10520 2019-02-19 13:18:28
Want to analyze Malaysian Ringt/Norwegian Krone MYRNOK or another symbol? Try our Free Forex Trend Analysis Report.