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.
MarketClub’s Trade Triangles for MYRZAR
The long-term trend has been UP since Jun 30th, 2022 at 3.7176221
The intermediate-term trend has been DOWN since Aug 1st, 2022 at 3.6891000
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).