Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
US Dollar/Malaysian Ringt (FOREX:USDMYR)
Bull Market Weakness (+75) - USDMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMYR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMYR
The long-term trend has been DOWN since Aug 2nd, 2020 at 4.2378
The intermediate-term trend has been UP since Mar 5th, 2021 at 4.0755
The short-term trend has been UP since Mar 4th, 2021 at 4.0585
Smart Scan Analysis for USDMYR
Based on our trend formula, USDMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).