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.
MarketClub’s Trade Triangles for MYRSGD
The long term trend has been DOWN since Apr 16th, 2019 at 0.326975
The intermediate term trend has been UP since May 5th, 2019 at 0.330730
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).