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.
MarketClub’s Trade Triangles for MYRUSD
The long-term trend has been UP since Aug 3rd, 2020 at 0.23604399
The intermediate-term trend has been UP since Nov 5th, 2020 at 0.24169193
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).