Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Euro/Malaysian Ringt (FOREX:EURMYR)
Countertrend Down (-85) - EURMYR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for EURMYR
The long-term trend has been DOWN since Aug 31st, 2021 at 4.9201
The intermediate-term trend has been DOWN since Aug 10th, 2021 at 4.9719
The short-term trend has been UP since Oct 18th, 2021 at 4.8275
Smart Scan Analysis for EURMYR
Based on our trend formula, EURMYR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).