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.
MarketClub’s Trade Triangles for MYRZAR
The long-term trend has been DOWN since Feb 16th, 2022 at 3.5839611
The intermediate-term trend has been UP since Jun 13th, 2022 at 3.6313035
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).