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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2019.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

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_SGDMYR
Open High Low SGDMYR Price Change
3.0453 3.0453 3.0453 3.0453 0.0000
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term up The long term trend has been UP since Apr 16th, 2019 at 3.06345

intermediate term down The intermediate term trend has been DOWN since May 23rd, 2019 at 3.02940

short term up The short term trend has been UP since May 24th, 2019 at 3.04255

Smart Scan Analysis for SGDMYR

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

+65
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0453 3.0453 3.0453 3.0453 0.0000
Prev. Close Volume Bid Ask Time
3.0453 3.0435 3.0471 2019-05-25 22:55:26
Want to analyze Singapore Dollar/Malaysian Ringt SGDMYR or another symbol? Try our Free Forex Trend Analysis Report.