Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Malaysian Ringt/US Dollar (FOREX:MYRUSD)
Crossroads (+60) - MYRUSD 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 MYRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRUSD
The long-term trend has been DOWN since Mar 1st, 2023 at 0.22246948
The intermediate-term trend has been UP since Nov 5th, 2023 at 0.21287925
The short-term trend has been UP since Nov 27th, 2023 at 0.21383519
Smart Scan Analysis for MYRUSD
Based on our trend formula, MYRUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).