Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
Malaysian Ringt/South African Rand (FOREX:MYRZAR)
Strong Uptrend (+100) - MYRZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MYRZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Jan 31st, 2020 at 3.6695500
The intermediate-term trend has been UP since Jan 5th, 2020 at 3.5045233
The short-term trend has been UP since Mar 27th, 2020 at 4.0612862
Smart Scan Analysis for MYRZAR
Based on our trend formula, MYRZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).