Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Malaysian Ringt/US Dollar (FOREX:MYRUSD)
Strong Downtrend (-100) - MYRUSD 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 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.
MarketClub’s Trade Triangles for MYRUSD
The long-term trend has been DOWN since Feb 18th, 2020 at 0.23889163
The intermediate-term trend has been DOWN since May 18th, 2020 at 0.22875974
The short-term trend has been DOWN since May 8th, 2020 at 0.23118722
Smart Scan Analysis for MYRUSD
Based on our trend formula, MYRUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).