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.
MarketClub’s Trade Triangles for MYRZAR
The long-term trend has been UP since Aug 19th, 2021 at 3.5527907
The intermediate-term trend has been DOWN since Oct 19th, 2021 at 3.5076334
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).