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Forex Trend Analysis Report

Prepared for you on Tuesday, August 20, 2019.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

Open High Low SGDMYR Price Change
3.01855 3.01950 3.01680 3.01715 -0.00140
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term down The long term trend has been DOWN since Jul 25th, 2019 at 3.01005

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 Aug 20th, 2019 at 3.01920

Smart Scan Analysis for SGDMYR

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

Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.01855 3.01950 3.01680 3.01715 -0.00140
Prev. Close Volume Bid Ask Time
3.01855 3.01570 3.01860 2019-08-20 09:42:12
Want to analyze Singapore Dollar/Malaysian Ringt SGDMYR or another symbol? Try our Free Forex Trend Analysis Report.