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.
MarketClub’s Trade Triangles for MYRKRW
The long-term trend has been UP since Feb 4th, 2021 at 277.13544
The intermediate-term trend has been DOWN since Mar 31st, 2021 at 271.95802
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).