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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.

FOREX_EURMYR
Open High Low EURMYR Price Change
4.8256 4.8256 4.8256 4.8256 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMYR

long term down The long-term trend has been DOWN since Aug 31st, 2021 at 4.9201

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2021 at 4.9719

short term up 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).

-85
Smart Scan Analysis for EURMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8256 4.8256 4.8256 4.8256 0.0000
Prev. Close Volume Bid Ask Time
4.8192 2021-10-25 07:22:35
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