Forex Trend Analysis Report
Prepared for you on Sunday, March 26, 2023.
Malaysian Ringt/South African Rand (FOREX:MYRZAR)
Bull Market Weakness (+75) - MYRZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRZAR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for MYRZAR
The long-term trend has been UP since Jun 30th, 2022 at 3.7176221
The intermediate-term trend has been UP since Mar 20th, 2023 at 4.1571625
The short-term trend has been DOWN since Mar 23rd, 2023 at 4.1103837
Smart Scan Analysis for MYRZAR
Based on our trend formula, MYRZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).