Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Malaysian Ringt/Euro (FOREX:MYREUR)
Long-Term Downtrend (-90) - MYREUR is in a strong downtrend that is likely to continue. While MYREUR 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 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 Mar 1st, 2023 at 0.21010364
The intermediate-term trend has been DOWN since Feb 14th, 2023 at 0.21402140
The short-term trend has been DOWN since Mar 29th, 2023 at 0.20951025
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).