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.
MarketClub’s Trade Triangles for MYRZAR
The long-term trend has been DOWN since Jul 21st, 2020 at 3.8591919
The intermediate-term trend has been DOWN since Mar 19th, 2021 at 3.5628028
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).