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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

Malaysian Ringt/US Dollar (FOREX:MYRUSD)

Strong Uptrend (+100) - MYRUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MYRUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_MYRUSD
Open High Low MYRUSD Price Change
0.24618424 0.24636619 0.24618424 0.24628731 +0.00010300
Entry Signal

MarketClub’s Trade Triangles for MYRUSD

long term up The long-term trend has been UP since Aug 3rd, 2020 at 0.23604399

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2020 at 0.24169193

short term up The short-term trend has been UP since Nov 15th, 2020 at 0.24265375

Smart Scan Analysis for MYRUSD

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

+100
Smart Scan Analysis for MYRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24618424 0.24636619 0.24618424 0.24628731 +0.00010300
Prev. Close Volume Bid Ask Time
0.24618424 2020-12-04 02:18:36
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