Forex Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
Malaysian Ringt/Australian Dollar (FOREX:MYRAUD)
Strong Downtrend (-100) - MYRAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MYRAUD continues to fall. Traders should use caution and set stops.
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 DOWN since Jun 2nd, 2023 at 0.32892748
The intermediate-term trend has been DOWN since Oct 24th, 2023 at 0.32843325
The short-term trend has been DOWN since Nov 20th, 2023 at 0.32823437
Smart Scan Analysis for MYRAUD
Based on our trend formula, MYRAUD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).