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Forex Trend Analysis Report

Prepared for you on Sunday, May 19, 2019.

Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)

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.

FOREX_MYRSGD
Open High Low MYRSGD Price Change
0.32895 0.33008 0.32878 0.32997 +0.00102
Entry Signal

MarketClub’s Trade Triangles for MYRSGD

long term down The long term trend has been DOWN since Apr 16th, 2019 at 0.326975

intermediate term up The intermediate term trend has been UP since May 5th, 2019 at 0.330730

short term up The short term trend has been UP since May 16th, 2019 at 0.329190

Smart Scan Analysis for MYRSGD

Based on a pre-defined weighted trend formula for chart analysis, MYRSGD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for MYRSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.32895 0.33008 0.32878 0.32997 +0.00102
Prev. Close Volume Bid Ask Time
0.32895 0.32980 0.33014 2019-05-17 18:22:51
Want to analyze Malaysian Ringt/Singapore Dollar MYRSGD or another symbol? Try our Free Forex Trend Analysis Report.