Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Bull Market Weakness (+75) - GBPMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMYR as it may be in the beginning stages of a reversal.
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 Dec 17th, 2020 at 5.4917389
The short-term trend has been DOWN since Feb 25th, 2021 at 5.6803477
Smart Scan Analysis for GBPMYR
Based on our trend formula, GBPMYR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).