Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)
Long-Term Downtrend (-90) - AUDMYR is in a strong downtrend that is likely to continue. While AUDMYR 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 AUDMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDMYR
The long-term trend has been DOWN since May 17th, 2022 at 2.9584795
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 3.0998390
The short-term trend has been DOWN since Jun 7th, 2022 at 3.1549862
Smart Scan Analysis for AUDMYR
Based on our trend formula, AUDMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).