Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Malaysian Ringt/Australian Dollar (FOREX:MYRAUD)
Crossroads (-60) - MYRAUD 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 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 18th, 2021 at 0.32029315
The intermediate-term trend has been DOWN since Oct 11th, 2021 at 0.32643274
The short-term trend has been DOWN since Oct 4th, 2021 at 0.32925988
Smart Scan Analysis for MYRAUD
Based on our trend formula, MYRAUD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).