Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
South Korean Won/Malaysian Ringt (FOREX:KRWMYR)
Bear Market Rally (-75) - KRWMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KRWMYR as it may be in the beginning of a reversal.
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 Aug 12th, 2021 at 0.00362832
The intermediate-term trend has been DOWN since Aug 11th, 2021 at 0.00365855
The short-term trend has been UP since Oct 13th, 2021 at 0.00349628
Smart Scan Analysis for KRWMYR
Based on our trend formula, KRWMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).