Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 MYRSGD
The long term trend has been UP since Feb 6th, 2019 at 0.331820
The intermediate term trend has been UP since Dec 10th, 2018 at 0.330580
The short term trend has been DOWN since Feb 12th, 2019 at 0.332625
Smart Scan Analysis for MYRSGD
Based on a pre-defined weighted trend formula for chart analysis, MYRSGD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).