Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
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 UP since Aug 13th, 2021 at 276.00194
The intermediate-term trend has been UP since Aug 11th, 2021 at 273.55456
The short-term trend has been DOWN since Oct 13th, 2021 at 286.01725
Smart Scan Analysis for MYRKRW
Based on our trend formula, MYRKRW is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).