Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
Malaysian Ringt/British Pound (FOREX:MYRGBP)
Sidelines Mode (+55) - MYRGBP 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 MYRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRGBP
The long-term trend has been UP since Sep 28th, 2021 at 0.17568125
The intermediate-term trend has been DOWN since Oct 19th, 2021 at 0.17411810
The short-term trend has been UP since Oct 22nd, 2021 at 0.17445747
Smart Scan Analysis for MYRGBP
Based on our trend formula, MYRGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).