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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Malaysian Ringt/South Korean Won (FOREX:MYRKRW)

Sidelines Mode (-50) - MYRKRW is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MYRKRW can gain momentum.

Is it time to buy, sell, or avoid MYRKRW?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRKRW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRKRW
Open High Low MYRKRW Price Change
272.94603 273.50547 271.87530 271.92625 -1.01978
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term up The long-term trend has been UP since Feb 4th, 2021 at 277.13544

intermediate term down The intermediate-term trend has been DOWN since Mar 31st, 2021 at 271.95802

short term down The short-term trend has been DOWN since Apr 14th, 2021 at 270.64044

Smart Scan Analysis for MYRKRW

Based on our trend formula, MYRKRW is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
272.94603 273.50547 271.87530 271.92625 -1.01978
Prev. Close Volume Bid Ask Time
272.94603 2021-05-06 14:40:00
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