Forex Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
US Dollar/Malaysian Ringt (FOREX:USDMYR)
Weak Downtrend (-65) - USDMYR is showing signs of a strengthening downtrend. Monitor USDMYR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMYR
The long-term trend has been UP since Mar 7th, 2021 at 4.0900
The intermediate-term trend has been DOWN since Apr 19th, 2021 at 4.1224
The short-term trend has been DOWN since Apr 13th, 2021 at 4.1325
Smart Scan Analysis for USDMYR
Based on our trend formula, USDMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).