Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)
Sidelines Mode (-55) - AUDMYR 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 AUDMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDMYR
The long-term trend has been DOWN since Jul 19th, 2021 at 3.0992040
The intermediate-term trend has been UP since Oct 11th, 2021 at 3.0629689
The short-term trend has been DOWN since Oct 22nd, 2021 at 3.1027787
Smart Scan Analysis for AUDMYR
Based on our trend formula, AUDMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).