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Forex Trend Analysis Report
Prepared for you on Saturday, April 27, 2024.
Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)
Sidelines Mode (-55) - AUDMYR 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 AUDMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDMYR.
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 AUDMYR
The long-term trend has been DOWN since Apr 1st, 2024 at 3.0656170
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 3.0628931
The short-term trend has been UP since Apr 21st, 2024 at 3.0863505
Smart Scan Analysis for AUDMYR
Based on our trend formula, AUDMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.1149311 | 3.1280503 | 3.1149311 | 3.1224509 | +0.0075200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.1149311 | 2024-04-26 04:52:59 |