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Forex Trend Analysis Report

Prepared for you on Saturday, June 25, 2022.

Malaysian Ringt/South African Rand (FOREX:MYRZAR)

Sidelines Mode (+55) - MYRZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
3.6252728 3.6384477 3.5881446 3.5946042 -0.0306690
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term down The long-term trend has been DOWN since Feb 16th, 2022 at 3.5839611

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 3.6313035

short term down The short-term trend has been DOWN since Jun 21st, 2022 at 3.6015223

Smart Scan Analysis for MYRZAR

Based on our trend formula, MYRZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MYRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.6252728 3.6384477 3.5881446 3.5946042 -0.0306690
Prev. Close Volume Bid Ask Time
3.6252728 2022-06-24 17:03:24
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