Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
Malaysian Ringt/US Dollar (FOREX:MYRUSD)
Bull Market Weakness (+75) - MYRUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRUSD as it may be in the beginning stages of a reversal.
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 Mar 7th, 2021 at 0.24449887
The intermediate-term trend has been UP since Oct 10th, 2021 at 0.23981399
The short-term trend has been UP since Oct 19th, 2021 at 0.24073186
Smart Scan Analysis for MYRUSD
Based on our trend formula, MYRUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).