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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

Malaysian Ringt/South African Rand (FOREX:MYRZAR)

Crossroads (+60) - MYRZAR 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 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
3.7512584 3.7820191 3.7309595 3.7647809 +0.0135220
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term down The long-term trend has been DOWN since Jul 21st, 2020 at 3.8591919

intermediate term up The intermediate-term trend has been UP since Mar 4th, 2021 at 3.7594282

short term up The short-term trend has been UP since Feb 25th, 2021 at 3.6881560

Smart Scan Analysis for MYRZAR

Based on our trend formula, MYRZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for MYRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7512584 3.7820191 3.7309595 3.7647809 +0.0135220
Prev. Close Volume Bid Ask Time
3.7512584 2021-03-05 17:04:13
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