Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Euro/Malaysian Ringt (FOREX:EURMYR)
Bull Market Weakness (+75) - EURMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURMYR as it may be in the beginning stages of a reversal.
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 May 19th, 2020 at 4.7496
The short-term trend has been UP since May 15th, 2020 at 4.6995
Smart Scan Analysis for EURMYR
Based on our trend formula, EURMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).