Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)
Bear Market Rally (-75) - MYRSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYRSGD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MYRSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRSGD
The long-term trend has been DOWN since Oct 10th, 2023 at 0.28845965
The intermediate-term trend has been DOWN since Nov 22nd, 2023 at 0.28485781
The short-term trend has been UP since Dec 4th, 2023 at 0.28675270
Smart Scan Analysis for MYRSGD
Based on our trend formula, MYRSGD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).