Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Malaysian Ringt/Euro (FOREX:MYREUR)
Sidelines Mode (-55) - MYREUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Dec 22nd, 2020 at 0.20143376
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 0.20369394
The short-term trend has been UP since Feb 26th, 2021 at 0.20387378
Smart Scan Analysis for MYREUR
Based on our trend formula, MYREUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).