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Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
Malaysian Ringt/US Dollar (FOREX:MYRUSD)
Countertrend Down (-85) - MYRUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid MYRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MYRUSD
The long-term trend has been DOWN since Mar 1st, 2023 at 0.22246948
The intermediate-term trend has been DOWN since Aug 8th, 2023 at 0.21838836
The short-term trend has been UP since Sep 29th, 2023 at 0.21324696
Smart Scan Analysis for MYRUSD
Based on our trend formula, MYRUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21253991 | 0.21253991 | 0.21242704 | 0.21253991 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21253991 | 2023-10-02 02:28:38 |