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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)
Strong Uptrend (+100) - MYRSGD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MYRSGD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid MYRSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRSGD.
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 MYRSGD
The long-term trend has been UP since May 1st, 2024 at 0.28621360
The intermediate-term trend has been UP since Apr 23rd, 2024 at 0.28587191
The short-term trend has been UP since May 8th, 2024 at 0.28629641
Smart Scan Analysis for MYRSGD
Based on our trend formula, MYRSGD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.28616885 | 0.28657362 | 0.28587708 | 0.28644977 | +0.00028100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.28616885 | 2024-05-09 09:11:21 |