Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Strong Uptrend (+100) - GBPMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPMYR 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 GBPMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPMYR
The long-term trend has been UP since Jul 1st, 2020 at 5.4838911
The intermediate-term trend has been UP since Nov 10th, 2020 at 5.4510207
The short-term trend has been UP since Dec 1st, 2020 at 5.4514838
Smart Scan Analysis for GBPMYR
Based on our trend formula, GBPMYR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).