Free Daily Analysis

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.

FOREX_MYRUSD
Open High Low MYRUSD Price Change
0.22917391 0.22917391 0.22917391 0.22917391 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MYRUSD

long term down The long-term trend has been DOWN since Feb 18th, 2020 at 0.23889163

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2020 at 0.22875974

short term down 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).

-100
Smart Scan Analysis for MYRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22917391 0.22917391 0.22917391 0.22917391 0.00000000
Prev. Close Volume Bid Ask Time
0.22917391 0.22904260 0.22930521 2020-05-25 05:21:41
Get a free daily analysis and signals for Malaysian Ringt/US Dollar (MYRUSD) - Request Your Free Report.