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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Crossroads (-60) - GBPMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMYR.
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 GBPMYR
The long-term trend has been UP since Mar 1st, 2023 at 5.4998820
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 5.9770730
The short-term trend has been DOWN since Apr 18th, 2024 at 5.9362263
Smart Scan Analysis for GBPMYR
Based on our trend formula, GBPMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.9036219 | 5.9532710 | 5.8971335 | 5.9481846 | +0.0445630 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.9036219 | 2024-04-23 23:55:59 |