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Forex Trend Analysis Report

Prepared for you on Sunday, February 17, 2019.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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
4.0848 4.0848 4.0739 4.0780 -0.0068
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term down The long term trend has been DOWN since Jan 4th, 2019 at 4.1303

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2018 at 4.1745

short term up The short term trend has been UP since Feb 14th, 2019 at 4.0795

Smart Scan Analysis for USDMYR

Based on a pre-defined weighted trend formula for chart analysis, USDMYR scored -85 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
4.0848 4.0848 4.0739 4.0780 -0.0068
Prev. Close Volume Bid Ask Time
4.0848 4.0755 4.0805 2019-02-17 22:53:23
Want to analyze US Dollar/Malaysian Ringt USDMYR or another symbol? Try our Free Forex Trend Analysis Report.