Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Bull Market Weakness (+75) - GBPMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMYR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPMYR
The long-term trend has been DOWN since Mar 13th, 2020 at 5.2628441
The intermediate-term trend has been UP since Jun 1st, 2020 at 5.3927627
The short-term trend has been UP since May 26th, 2020 at 5.3338384
Smart Scan Analysis for GBPMYR
Based on our trend formula, GBPMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).