Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Euro/Malaysian Ringt (FOREX:EURMYR)
Strong Uptrend (+100) - EURMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Mar 2nd, 2020 at 4.6234
The intermediate-term trend has been UP since Feb 22nd, 2021 at 4.9031
The short-term trend has been UP since Feb 22nd, 2021 at 4.9026
Smart Scan Analysis for EURMYR
Based on our trend formula, EURMYR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).