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Forex Trend Analysis Report

Prepared for you on Wednesday, January 26, 2022.

Malaysian Ringt/South Korean Won (FOREX:MYRKRW)

Bull Market Weakness (+75) - MYRKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRKRW as it may be in the beginning stages of a reversal.

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.

FOREX_MYRKRW
Open High Low MYRKRW Price Change
285.76304 286.86389 285.12943 286.33238 +0.56934
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term down The long-term trend has been DOWN since Dec 2nd, 2021 at 277.93141

intermediate term up The intermediate-term trend has been UP since Dec 20th, 2021 at 283.09340

short term up The short-term trend has been UP since Jan 23rd, 2022 at 285.48491

Smart Scan Analysis for MYRKRW

Based on our trend formula, MYRKRW is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
285.76304 286.86389 285.12943 286.33238 +0.56934
Prev. Close Volume Bid Ask Time
285.76304 2022-01-26 22:24:45
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