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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

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.

FOREX_USDMYR
Open High Low USDMYR Price Change
4.1793 4.1925 4.1610 4.1755 -0.0038
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term up The long term trend has been UP since Apr 16th, 2019 at 4.1495

intermediate term down The intermediate term trend has been DOWN since Sep 9th, 2019 at 4.1657

short term down The short term trend has been DOWN since Sep 20th, 2019 at 4.1775

Smart Scan Analysis for USDMYR

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

-60
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1793 4.1925 4.1610 4.1755 -0.0038
Prev. Close Volume Bid Ask Time
4.1793 4.1730 4.1780 2019-09-20 12:45:28
Want to analyze US Dollar/Malaysian Ringt USDMYR or another symbol? Try our Free Forex Trend Analysis Report.