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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Malaysian Ringt/South African Rand (FOREX:MYRZAR)
Countertrend Up (+85) - MYRZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Dec 26th, 2024 at 4.1931242
The intermediate-term trend has been UP since Dec 23rd, 2024 at 4.0949393
The short-term trend has been DOWN since Jan 30th, 2025 at 4.2160571
Smart Scan Analysis for MYRZAR
Based on our trend formula, MYRZAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.2072027 | 4.2272450 | 4.1996389 | 4.2243783 | +0.0171760 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.2072027 | 2025-02-04 22:50:30 |