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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

Malaysian Ringt/US Dollar (FOREX:MYRUSD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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_MYRUSD
Open High Low MYRUSD Price Change
0.239495 0.239495 0.239495 0.239495 0.000000
Entry Signal

MarketClub’s Trade Triangles for MYRUSD

long term down The long term trend has been DOWN since Apr 16th, 2019 at 0.240965

intermediate term up The intermediate term trend has been UP since Sep 9th, 2019 at 0.240065

short term up The short term trend has been UP since Sep 20th, 2019 at 0.240095

Smart Scan Analysis for MYRUSD

Based on a pre-defined weighted trend formula for chart analysis, MYRUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for MYRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.239495 0.239495 0.239495 0.239495 0.000000
Prev. Close Volume Bid Ask Time
0.239495 0.239350 0.239640 2019-09-21 11:13:44
Want to analyze Malaysian Ringt/US Dollar MYRUSD or another symbol? Try our Free Forex Trend Analysis Report.