Forex Trend Analysis Report
Prepared for you on Thursday, January 28, 2021.
Malaysian Ringt/British Pound (FOREX:MYRGBP)
Bear Market Rally (-75) - MYRGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYRGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MYRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRGBP
The long-term trend has been DOWN since Jan 11th, 2021 at 0.18231684
The intermediate-term trend has been DOWN since Jan 11th, 2021 at 0.18231684
The short-term trend has been UP since Jan 26th, 2021 at 0.18103336
Smart Scan Analysis for MYRGBP
Based on our trend formula, MYRGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).