Forex Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Bear Market Rally (-75) - GBPMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMYR as it may be in the beginning 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 Sep 28th, 2021 at 5.6921291
The intermediate-term trend has been UP since Jan 4th, 2022 at 5.6477069
The short-term trend has been DOWN since Jan 17th, 2022 at 5.7208923
Smart Scan Analysis for GBPMYR
Based on our trend formula, GBPMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).