Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
Malaysian Ringt/US Dollar (FOREX:MYRUSD)
Long-Term Downtrend (-90) - MYRUSD is in a strong downtrend that is likely to continue. While MYRUSD 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 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 Feb 18th, 2020 at 0.23889163
The intermediate-term trend has been DOWN since Feb 2nd, 2020 at 0.24397394
The short-term trend has been DOWN since Feb 17th, 2020 at 0.24116734
Smart Scan Analysis for MYRUSD
Based on our trend formula, MYRUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).