Forex Trend Analysis Report
Prepared for you on Saturday, January 29, 2022.
Malaysian Ringt/Euro (FOREX:MYREUR)
Long-Term Uptrend (+90) - MYREUR is in a strong uptrend that is likely to continue. While MYREUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Aug 30th, 2021 at 0.20363983
The intermediate-term trend has been UP since Jan 27th, 2022 at 0.21210964
The short-term trend has been UP since Jan 18th, 2022 at 0.20947849
Smart Scan Analysis for MYREUR
Based on our trend formula, MYREUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).