Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
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 Mar 2nd, 2020 at 4.6234
The intermediate-term trend has been DOWN since Oct 30th, 2020 at 4.8682
The short-term trend has been UP since Nov 30th, 2020 at 4.8694
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).