Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Malaysian Ringt/South African Rand (FOREX:MYRZAR)
Bull Market Weakness (+75) - MYRZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRZAR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MYRZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MYRZAR
The long-term trend has been DOWN since Nov 7th, 2024 at 3.9431463
The intermediate-term trend has been UP since Dec 23rd, 2024 at 4.0949393
The short-term trend has been UP since Dec 17th, 2024 at 4.0364659
Smart Scan Analysis for MYRZAR
Based on our trend formula, MYRZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.1672472 | 4.1681403 | 4.1268083 | 4.1449144 | -0.0223330 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.1672472 | 2024-12-26 05:46:31 |