Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)
Crossroads (-60) - MYRSGD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Oct 4th, 2021 at 0.32567688
The intermediate-term trend has been DOWN since Nov 29th, 2021 at 0.32268206
The short-term trend has been DOWN since Nov 29th, 2021 at 0.32285257
Smart Scan Analysis for MYRSGD
Based on our trend formula, MYRSGD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).