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Forex Trend Analysis Report

Prepared for you on Wednesday, December 11, 2019.

Malaysian Ringt/South African Rand (FOREX:MYRZAR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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_MYRZAR
Open High Low MYRZAR Price Change
3.5547347 3.5600412 3.5395137 3.5472530 -0.0074820
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term up The long term trend has been UP since Aug 11th, 2019 at 3.6528500

intermediate term down The intermediate term trend has been DOWN since Dec 2nd, 2019 at 3.4960191

short term up The short term trend has been UP since Dec 9th, 2019 at 3.5271485

Smart Scan Analysis for MYRZAR

Based on a pre-defined weighted trend formula for chart analysis, MYRZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for MYRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5547347 3.5600412 3.5395137 3.5472530 -0.0074820
Prev. Close Volume Bid Ask Time
3.5547347 3.5461200 3.5483860 2019-12-11 04:31:12
Want to analyze Malaysian Ringt/South African Rand MYRZAR or another symbol? Try our Free Forex Trend Analysis Report.