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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

Malaysian Ringt/South African Rand (FOREX:MYRZAR)

Weak Downtrend (-65) - MYRZAR is showing signs of a strengthening downtrend. Monitor MYRZAR as it may be building momentum to the downside.

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
3.6394136 3.6415016 3.6362806 3.6367178 -0.0026960
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term up The long-term trend has been UP since Jun 30th, 2022 at 3.7176221

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2022 at 3.6891000

short term down The short-term trend has been DOWN since Aug 8th, 2022 at 3.7276334

Smart Scan Analysis for MYRZAR

Based on our trend formula, MYRZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MYRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.6394136 3.6415016 3.6362806 3.6367178 -0.0026960
Prev. Close Volume Bid Ask Time
3.6394136 2022-08-15 02:10:01
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