Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Malaysian Ringt/Pakistani Rupee (FOREX:MYRPKR)
Sidelines Mode (+55) - MYRPKR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jul 26th, 2021 at 38.151230
The intermediate-term trend has been UP since May 16th, 2022 at 42.829145
The short-term trend has been DOWN since Aug 9th, 2022 at 50.448531
Smart Scan Analysis for MYRPKR
Based on our trend formula, MYRPKR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).