Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 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 UP since Dec 10th, 2020 at 3.0527454
The intermediate-term trend has been UP since Feb 8th, 2021 at 3.1382170
The short-term trend has been DOWN since Feb 25th, 2021 at 3.1927186
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).