Forex Trend Analysis Report
Prepared for you on Monday, January 30, 2023.
Malaysian Ringt/British Pound (FOREX:MYRGBP)
Bull Market Weakness (+75) - MYRGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRGBP as it may be in the beginning stages 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 Oct 26th, 2022 at 0.18303273
The intermediate-term trend has been UP since Nov 30th, 2022 at 0.18706170
The short-term trend has been UP since Jan 23rd, 2023 at 0.18861312
Smart Scan Analysis for MYRGBP
Based on our trend formula, MYRGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).