Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Malaysian Ringt/Pakistani Rupee (FOREX:MYRPKR)
Weak Downtrend (-65) - MYRPKR is showing signs of a strengthening downtrend. Monitor MYRPKR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MYRPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRPKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRPKR
The long-term trend has been UP since May 11th, 2023 at 65.422152
The intermediate-term trend has been DOWN since Sep 15th, 2023 at 63.669606
The short-term trend has been DOWN since Sep 12th, 2023 at 65.113916
Smart Scan Analysis for MYRPKR
Based on our trend formula, MYRPKR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).