Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)
Long-Term Downtrend (-90) - MYRSGD is in a strong downtrend that is likely to continue. While MYRSGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MYRSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRSGD
The long-term trend has been DOWN since Oct 10th, 2023 at 0.28845965
The intermediate-term trend has been DOWN since Nov 22nd, 2023 at 0.28485781
The short-term trend has been DOWN since Nov 14th, 2023 at 0.28833052
Smart Scan Analysis for MYRSGD
Based on our trend formula, MYRSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).