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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Malaysian Ringt/US Dollar (FOREX:MYRUSD)
Long-Term Downtrend (-90) - MYRUSD is in a strong downtrend that is likely to continue. While MYRUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MYRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRUSD.
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 MYRUSD
The long-term trend has been DOWN since Feb 8th, 2024 at 0.20944607
The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.20822060
The short-term trend has been DOWN since Mar 20th, 2024 at 0.21094827
Smart Scan Analysis for MYRUSD
Based on our trend formula, MYRUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20861589 | 0.20861589 | 0.20852889 | 0.20861589 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20861589 | 2024-04-16 03:18:10 |