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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2019.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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
4.11030 4.11350 4.10630 4.10965 -0.00065
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 Jun 5th, 2019 at 4.1516

short term up The short term trend has been UP since Jul 17th, 2019 at 4.1149

Smart Scan Analysis for USDMYR

Based on a pre-defined weighted trend formula for chart analysis, USDMYR scored +55 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
4.11030 4.11350 4.10630 4.10965 -0.00065
Prev. Close Volume Bid Ask Time
4.11030 4.10760 4.11170 2019-07-19 13:14:40
Want to analyze US Dollar/Malaysian Ringt USDMYR or another symbol? Try our Free Forex Trend Analysis Report.