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Forex Trend Analysis Report

Prepared for you on Saturday, February 16, 2019.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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
3.01035 3.01035 3.01035 3.01035 0.00000
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term down The long term trend has been DOWN since Feb 4th, 2019 at 3.0202

intermediate term down The intermediate term trend has been DOWN since Feb 4th, 2019 at 3.0210

short term up The short term trend has been UP since Feb 14th, 2019 at 3.0080

Smart Scan Analysis for SGDMYR

Based on a pre-defined weighted trend formula for chart analysis, SGDMYR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.01035 3.01035 3.01035 3.01035 0.00000
Prev. Close Volume Bid Ask Time
3.01035 3.00850 3.01220 2019-02-16 10:15:00
Want to analyze Singapore Dollar/Malaysian Ringt SGDMYR or another symbol? Try our Free Forex Trend Analysis Report.