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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malaysian Ringt/Euro (FOREX:MYREUR)
Bull Market Weakness (+75) - MYREUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYREUR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MYREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYREUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MYREUR
The long-term trend has been DOWN since Nov 14th, 2023 at 0.19673319
The intermediate-term trend has been UP since Apr 16th, 2024 at 0.19690988
The short-term trend has been UP since May 1st, 2024 at 0.19594237
Smart Scan Analysis for MYREUR
Based on our trend formula, MYREUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19652765 | 0.19662815 | 0.19652765 | 0.19662815 | +0.00010100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19652765 | 2024-05-09 15:27:40 |