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Forex Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

Malaysian Ringt/South African Rand (FOREX:MYRZAR)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
3.66500 3.71065 3.64390 3.70080 +0.03580
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term up The long term trend has been UP since Aug 11th, 2019 at 3.65285

intermediate term up The intermediate term trend has been UP since Jul 26th, 2019 at 3.44890

short term up The short term trend has been UP since Aug 1st, 2019 at 3.47465

Smart Scan Analysis for MYRZAR

Based on a pre-defined weighted trend formula for chart analysis, MYRZAR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for MYRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.66500 3.71065 3.64390 3.70080 +0.03580
Prev. Close Volume Bid Ask Time
3.66500 3.69920 3.70240 2019-08-19 19:18:43
Want to analyze Malaysian Ringt/South African Rand MYRZAR or another symbol? Try our Free Forex Trend Analysis Report.