Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
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 DOWN since Mar 1st, 2023 at 0.18182217
The intermediate-term trend has been DOWN since Nov 14th, 2023 at 0.17006816
The short-term trend has been UP since Dec 4th, 2023 at 0.16969993
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).