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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Malaysian Ringt/South African Rand (FOREX:MYRZAR)
Sidelines Mode (+55) - MYRZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for MYRZAR
The long-term trend has been UP since Dec 26th, 2024 at 4.1931242
The intermediate-term trend has been UP since Dec 23rd, 2024 at 4.0949393
The short-term trend has been DOWN since Jan 15th, 2025 at 4.2022958
Smart Scan Analysis for MYRZAR
Based on our trend formula, MYRZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.1493712 | 4.1766806 | 4.1430917 | 4.1627404 | +0.0133690 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.1493712 | 2025-01-20 09:50:08 |