Forex Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
Malaysian Ringt/South Korean Won (FOREX:MYRKRW)
Sidelines Mode (+55) - MYRKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MYRKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRKRW
The long-term trend has been DOWN since Nov 4th, 2020 at 270.15721
The intermediate-term trend has been UP since Dec 20th, 2020 at 272.50960
The short-term trend has been DOWN since Jan 19th, 2021 at 271.66235
Smart Scan Analysis for MYRKRW
Based on our trend formula, MYRKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).