Forex Trend Analysis Report
Prepared for you on Sunday, September 22, 2019.
Malaysian Ringt/Pakistani Rupee (FOREX:MYRPKR)
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.
MarketClub’s Trade Triangles for MYRPKR
The long term trend has been UP since Feb 5th, 2019 at 34.173
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 38.505
The short term trend has been UP since Sep 20th, 2019 at 37.521
Smart Scan Analysis for MYRPKR
Based on a pre-defined weighted trend formula for chart analysis, MYRPKR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).