Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Malaysian Ringt/British Pound (FOREX:MYRGBP)
Strong Downtrend (-100) - MYRGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Jan 11th, 2021 at 0.18231684
The intermediate-term trend has been DOWN since Jan 11th, 2021 at 0.18231684
The short-term trend has been DOWN since Mar 8th, 2021 at 0.17654877
Smart Scan Analysis for MYRGBP
Based on our trend formula, MYRGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).