Forex Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
Malaysian Ringt/US Dollar (FOREX:MYRUSD)
Crossroads (+60) - MYRUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Aug 12th, 2022 at 0.22535218
The short-term trend has been UP since Aug 8th, 2022 at 0.22457786
Smart Scan Analysis for MYRUSD
Based on our trend formula, MYRUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).