Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
South Korean Won/Malaysian Ringt (FOREX:KRWMYR)
Crossroads (+60) - KRWMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid KRWMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWMYR
The long-term trend has been DOWN since Mar 18th, 2020 at 0.34138375
The intermediate-term trend has been UP since Mar 24th, 2020 at 0.35825506
The short-term trend has been UP since Apr 6th, 2020 at 0.35623545
Smart Scan Analysis for KRWMYR
Based on our trend formula, KRWMYR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).