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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 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
3.4721671 3.5300424 3.4715971 3.5258647 +0.0536980
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term up The long-term trend has been UP since Aug 19th, 2021 at 3.5527907

intermediate term down The intermediate-term trend has been DOWN since Oct 19th, 2021 at 3.5076334

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 3.5700497

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
3.4721671 3.5300424 3.4715971 3.5258647 +0.0536980
Prev. Close Volume Bid Ask Time
3.4721671 2021-10-21 16:10:51
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