Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Malaysian Ringt/Euro (FOREX:MYREUR)
Bear Market Rally (-75) - MYREUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYREUR as it may be in the beginning of a reversal.
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 Feb 28th, 2020 at 0.21467398
The intermediate-term trend has been DOWN since May 19th, 2020 at 0.21032206
The short-term trend has been UP since Aug 3rd, 2020 at 0.20085913
Smart Scan Analysis for MYREUR
Based on our trend formula, MYREUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).