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Forex Trend Analysis Report

Prepared for you on Friday, April 3, 2020.

Malaysian Ringt/South African Rand (FOREX:MYRZAR)

Strong Uptrend (+100) - MYRZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MYRZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid MYRZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRZAR
Open High Low MYRZAR Price Change
4.2308310 4.3855461 4.2172933 4.3677221 +0.1368910
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term up The long-term trend has been UP since Jan 31st, 2020 at 3.6695500

intermediate term up The intermediate-term trend has been UP since Jan 5th, 2020 at 3.5045233

short term up The short-term trend has been UP since Mar 27th, 2020 at 4.0612862

Smart Scan Analysis for MYRZAR

Based on our trend formula, MYRZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for MYRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.2308310 4.3855461 4.2172933 4.3677221 +0.1368910
Prev. Close Volume Bid Ask Time
4.2308310 4.3666596 4.3687845 2020-04-03 17:10:32
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