Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
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 Feb 28th, 2020 at 0.21467398
The intermediate-term trend has been DOWN since Feb 3rd, 2020 at 0.22057094
The short-term trend has been UP since Apr 1st, 2020 at 0.21174197
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).