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Forex Trend Analysis Report

Prepared for you on Monday, June 14, 2021.

Malaysian Ringt/South African Rand (FOREX:MYRZAR)

Weak Downtrend (-65) - MYRZAR is showing signs of a strengthening downtrend. Monitor MYRZAR as it may be building momentum to the downside.

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.

FOREX_MYRZAR
Open High Low MYRZAR Price Change
3.3286866 3.3524911 3.3248242 3.3404497 +0.0117630
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term down The long-term trend has been DOWN since Jul 21st, 2020 at 3.8591919

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2021 at 3.5628028

short term up The short-term trend has been UP since Jun 9th, 2021 at 3.3005072

Smart Scan Analysis for MYRZAR

Based on our trend formula, MYRZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MYRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3286866 3.3524911 3.3248242 3.3404497 +0.0117630
Prev. Close Volume Bid Ask Time
3.3286866 2021-06-14 11:45:34
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