Forex Trend Analysis Report
Prepared for you on Thursday, December 2, 2021.
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 UP since Sep 28th, 2021 at 0.17568125
The intermediate-term trend has been UP since Nov 2nd, 2021 at 0.17678916
The short-term trend has been UP since Nov 29th, 2021 at 0.17755591
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).