Forex Trend Analysis Report
Prepared for you on Monday, March 20, 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 Mar 7th, 2023 at 0.29916612
The intermediate-term trend has been DOWN since Feb 14th, 2023 at 0.30562598
The short-term trend has been UP since Mar 16th, 2023 at 0.30178021
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).