Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
Malaysian Ringt/Australian Dollar (FOREX:MYRAUD)
Weak Downtrend (-65) - MYRAUD is showing signs of a strengthening downtrend. Monitor MYRAUD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MYRAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRAUD
The long-term trend has been UP since Jun 30th, 2022 at 0.33297149
The intermediate-term trend has been DOWN since Jul 19th, 2022 at 0.32607228
The short-term trend has been DOWN since Aug 8th, 2022 at 0.32067414
Smart Scan Analysis for MYRAUD
Based on our trend formula, MYRAUD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).