Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Malaysian Ringt/Brazilian Real (FOREX:MYRBRL)
Bear Market Rally (-75) - MYRBRL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYRBRL as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for MYRBRL
The long-term trend has been DOWN since Jul 28th, 2022 at 1.1646295
The intermediate-term trend has been DOWN since Jul 27th, 2022 at 1.1819449
The short-term trend has been UP since Aug 17th, 2022 at 1.1593908
Smart Scan Analysis for MYRBRL
Based on our trend formula, MYRBRL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).