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Forex Trend Analysis Report
Prepared for you on Tuesday, October 15, 2024.
Euro/Malaysian Ringt (FOREX:EURMYR)
Long-Term Downtrend (-90) - EURMYR is in a strong downtrend that is likely to continue. While EURMYR 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 EURMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMYR.
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 EURMYR
The long-term trend has been DOWN since May 5th, 2024 at 5.0927
The intermediate-term trend has been DOWN since Jul 23rd, 2024 at 5.0799
The short-term trend has been DOWN since Aug 19th, 2024 at 4.8631
Smart Scan Analysis for EURMYR
Based on our trend formula, EURMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6499 | 4.6499 | 4.6499 | 4.6499 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6987 | 2024-10-05 07:23:02 |