Forex Trend Analysis Report
Prepared for you on Thursday, January 20, 2022.
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 UP since Mar 7th, 2021 at 4.0900
The intermediate-term trend has been DOWN since Dec 23rd, 2021 at 4.2009
The short-term trend has been UP since Jan 16th, 2022 at 4.1875
Smart Scan Analysis for USDMYR
Based on our trend formula, USDMYR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).