Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Weak Downtrend (-65) - GBPMYR is showing signs of a strengthening downtrend. Monitor GBPMYR as it may be building momentum to the downside.
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 DOWN since Mar 13th, 2020 at 5.2628441
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 5.3398647
The short-term trend has been UP since Apr 8th, 2020 at 5.3821446
Smart Scan Analysis for GBPMYR
Based on our trend formula, GBPMYR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).