Forex Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
Malaysian Ringt/Swedish Krona (FOREX:MYRSEK)
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 MYRSEK
The long term trend has been UP since Jan 25th, 2019 at 2.19980
The intermediate term trend has been DOWN since May 24th, 2019 at 2.29055
The short term trend has been UP since Jun 7th, 2019 at 2.27080
Smart Scan Analysis for MYRSEK
Based on a pre-defined weighted trend formula for chart analysis, MYRSEK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).