Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
US Dollar/Malaysian Ringt (FOREX:USDMYR)
Strong Downtrend (-100) - USDMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDMYR continues to fall. Traders should use caution and set stops.
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 DOWN since Nov 30th, 2022 at 4.4370
The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 4.4530
The short-term trend has been DOWN since Mar 12th, 2023 at 4.5085
Smart Scan Analysis for USDMYR
Based on our trend formula, USDMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).