Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Malaysian Ringt/Euro (FOREX:MYREUR)
Weak Downtrend (-65) - MYREUR is showing signs of a strengthening downtrend. Monitor MYREUR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MYREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYREUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYREUR
The long-term trend has been DOWN since Nov 14th, 2023 at 0.19673319
The intermediate-term trend has been DOWN since Oct 18th, 2023 at 0.19930132
The short-term trend has been UP since Nov 29th, 2023 at 0.19576186
Smart Scan Analysis for MYREUR
Based on our trend formula, MYREUR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).