Forex Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
Malaysian Ringt/South Korean Won (FOREX:MYRKRW)
Bull Market Weakness (+75) - MYRKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRKRW as it may be in the beginning stages of a reversal.
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 DOWN since Dec 2nd, 2021 at 277.93141
The intermediate-term trend has been UP since Dec 20th, 2021 at 283.09340
The short-term trend has been UP since Jan 14th, 2022 at 285.09175
Smart Scan Analysis for MYRKRW
Based on our trend formula, MYRKRW is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).