Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Euro/Malaysian Ringt (FOREX:EURMYR)
Sidelines Mode (+55) - EURMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for EURMYR
The long-term trend has been UP since Oct 5th, 2022 at 4.5947
The intermediate-term trend has been UP since Feb 16th, 2023 at 4.6703
The short-term trend has been DOWN since Mar 17th, 2023 at 4.7643
Smart Scan Analysis for EURMYR
Based on our trend formula, EURMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).