Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Malaysian Ringt/South Korean Won (FOREX:MYRKRW)
Long-Term Uptrend (+90) - MYRKRW is in a strong uptrend that is likely to continue. While MYRKRW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for MYRKRW
The long-term trend has been UP since Mar 18th, 2020 at 292.91570
The intermediate-term trend has been UP since May 1st, 2020 at 284.38913
The short-term trend has been UP since Jun 2nd, 2020 at 285.54352
Smart Scan Analysis for MYRKRW
Based on our trend formula, MYRKRW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).