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Forex Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
Malaysian Ringt/Brazilian Real (FOREX:MYRBRL)
Long-Term Downtrend (-90) - MYRBRL is in a strong downtrend that is likely to continue. While MYRBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MYRBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MYRBRL
The long-term trend has been DOWN since Mar 2nd, 2023 at 1.1533870
The intermediate-term trend has been DOWN since Sep 14th, 2023 at 1.0416600
The short-term trend has been DOWN since Sep 11th, 2023 at 1.0614281
Smart Scan Analysis for MYRBRL
Based on our trend formula, MYRBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0339746 | 1.0372041 | 1.0339746 | 1.0366644 | +0.0026900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0339746 | 2023-09-21 05:09:17 |