Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Malaysian Ringt/Euro (FOREX:MYREUR)
Countertrend Up (+85) - MYREUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Aug 30th, 2021 at 0.20363983
The intermediate-term trend has been UP since Aug 10th, 2021 at 0.20133234
The short-term trend has been DOWN since Oct 15th, 2021 at 0.20722764
Smart Scan Analysis for MYREUR
Based on our trend formula, MYREUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).