Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)
Bull Market Weakness (+75) - AUDMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDMYR as it may be in the beginning stages of a reversal.
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 Jul 19th, 2021 at 3.0992040
The intermediate-term trend has been UP since Oct 11th, 2021 at 3.0629689
The short-term trend has been UP since Oct 3rd, 2021 at 3.0358713
Smart Scan Analysis for AUDMYR
Based on our trend formula, AUDMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).