Forex Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
US Dollar/Malaysian Ringt (FOREX:USDMYR)
Strong Uptrend (+100) - USDMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDMYR 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 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 Feb 18th, 2020 at 4.1860
The intermediate-term trend has been UP since Feb 2nd, 2020 at 4.0988
The short-term trend has been UP since Apr 1st, 2020 at 4.3625
Smart Scan Analysis for USDMYR
Based on our trend formula, USDMYR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).