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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2019.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

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_USDMYR
Open High Low USDMYR Price Change
4.1935 4.1972 4.1906 4.1906 -0.0029
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 up The intermediate term trend has been UP since Apr 5th, 2019 at 4.0930

short term up The short term trend has been UP since May 17th, 2019 at 4.1807

Smart Scan Analysis for USDMYR

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

+90
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1935 4.1972 4.1906 4.1906 -0.0029
Prev. Close Volume Bid Ask Time
4.1935 4.1881 4.1931 2019-05-23 21:47:05
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