Analyze Symbol
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.
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MarketClub’s Trade Triangles for SGDMYR
The long term trend has been UP since Apr 16th, 2019 at 3.06345
The intermediate term trend has been DOWN since May 23rd, 2019 at 3.02940
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).
| 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 |