Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)
Strong Downtrend (-100) - MYRSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Mar 19th, 2020 at 0.32501890
The intermediate-term trend has been DOWN since May 29th, 2020 at 0.32381512
The short-term trend has been DOWN since May 29th, 2020 at 0.32447644
Smart Scan Analysis for MYRSGD
Based on our trend formula, MYRSGD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).