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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malaysian Ringt/Pakistani Rupee (FOREX:MYRPKR)
Bear Market Rally (-75) - MYRPKR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYRPKR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MYRPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRPKR.
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 MYRPKR
The long-term trend has been DOWN since Oct 12th, 2023 at 59.235035
The intermediate-term trend has been UP since May 2nd, 2024 at 58.541338
The short-term trend has been DOWN since May 7th, 2024 at 58.755274
Smart Scan Analysis for MYRPKR
Based on our trend formula, MYRPKR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 58.666315 | 58.671587 | 58.666315 | 58.671587 | +0.005272 |
| Prev. Close | Volume | Bid | Ask | Time |
| 58.666315 | 2024-05-08 16:10:18 |