Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
South Korean Won/Malaysian Ringt (FOREX:KRWMYR)
Bull Market Weakness (+75) - KRWMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on KRWMYR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid KRWMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWMYR
The long-term trend has been DOWN since Aug 12th, 2021 at 0.00362832
The intermediate-term trend has been UP since Oct 25th, 2021 at 0.00355079
The short-term trend has been UP since Oct 25th, 2021 at 0.00354795
Smart Scan Analysis for KRWMYR
Based on our trend formula, KRWMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).