Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
South Korean Won/Malaysian Ringt (FOREX:KRWMYR)
Sidelines Mode (-55) - KRWMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Nov 8th, 2022 at 0.00343687
The intermediate-term trend has been DOWN since Mar 26th, 2023 at 0.00339923
The short-term trend has been UP since Mar 30th, 2023 at 0.00341006
Smart Scan Analysis for KRWMYR
Based on our trend formula, KRWMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).