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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

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_SGDMYR
Open High Low SGDMYR Price Change
3.049520 3.050798 3.046804 3.046949 -0.002571
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term up The long term trend has been UP since Oct 3rd, 2019 at 3.05635

intermediate term up The intermediate term trend has been UP since Aug 5th, 2019 at 3.04015

short term up The short term trend has been UP since Oct 9th, 2019 at 3.03980

Smart Scan Analysis for SGDMYR

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

+90
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.049520 3.050798 3.046804 3.046949 -0.002571
Prev. Close Volume Bid Ask Time
3.049520 3.045126 3.048772 2019-10-14 08:24:20
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