Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
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 DOWN since Jun 12th, 2023 at 4.0068527
The intermediate-term trend has been UP since Nov 21st, 2023 at 4.0015753
The short-term trend has been UP since Nov 30th, 2023 at 4.0365594
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).