Index Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Morningstar Malaysia Index PR USD (CME:MSMYUSDP)
Sidelines Mode (-55) - MSMYUSDP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MSMYUSDP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MSMYUSDP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MSMYUSDP
The long-term trend has been DOWN since Mar 8th, 2023 at 2977.51
The intermediate-term trend has been DOWN since Feb 7th, 2023 at 3171.60
The short-term trend has been UP since Mar 17th, 2023 at 2922.49
Smart Scan Analysis for MSMYUSDP
Based on our trend formula, MSMYUSDP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).