Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Malaysian Ringt/Euro (FOREX:MYREUR)
Strong Downtrend (-100) - MYREUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Apr 19th, 2021 at 0.20180458
The intermediate-term trend has been DOWN since Apr 13th, 2021 at 0.20298123
The short-term trend has been DOWN since Apr 5th, 2021 at 0.20558430
Smart Scan Analysis for MYREUR
Based on our trend formula, MYREUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).