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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.

FOREX_MYRKRW
Open High Low MYRKRW Price Change
271.52279 272.80456 271.28059 272.52696 +1.00417
Entry Signal

MarketClub’s Trade Triangles for MYRKRW

long term down The long-term trend has been DOWN since Nov 4th, 2020 at 270.15721

intermediate term up The intermediate-term trend has been UP since Dec 20th, 2020 at 272.50960

short term down 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).

+55
Smart Scan Analysis for MYRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
271.52279 272.80456 271.28059 272.52696 +1.00417
Prev. Close Volume Bid Ask Time
271.52279 2021-01-20 21:57:32
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