Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Malaysian Ringt/Euro (FOREX:MYREUR)
Long-Term Uptrend (+90) - MYREUR is in a strong uptrend that is likely to continue. While MYREUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MYREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYREUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYREUR
The long-term trend has been UP since Mar 5th, 2021 at 0.20562236
The intermediate-term trend has been UP since Mar 5th, 2021 at 0.20529301
The short-term trend has been UP since Feb 26th, 2021 at 0.20387378
Smart Scan Analysis for MYREUR
Based on our trend formula, MYREUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).