Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.

Open High Low USDMYR Price Change
4.0655 4.0700 4.0655 4.0699 +0.0044
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term down The long term trend has been DOWN since Nov 5th, 2019 at 4.1404

intermediate term down The intermediate term trend has been DOWN since Dec 12th, 2019 at 4.1526

short term up The short term trend has been UP since Jan 20th, 2020 at 4.0672

Smart Scan Analysis for USDMYR

Based on a pre-defined weighted trend formula for chart analysis, USDMYR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0655 4.0700 4.0655 4.0699 +0.0044
Prev. Close Volume Bid Ask Time
4.0655 4.0674 4.0724 2020-01-23 08:11:08
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