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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)

Bear Market Rally (-75) - MYRSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYRSGD as it may be in the beginning of a reversal.

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.

FOREX_MYRSGD
Open High Low MYRSGD Price Change
0.28319338 0.28351507 0.28287364 0.28304857 -0.00014500
Entry Signal

MarketClub’s Trade Triangles for MYRSGD

long term down The long-term trend has been DOWN since Oct 10th, 2023 at 0.28845965

intermediate term up The intermediate-term trend has been UP since Feb 28th, 2024 at 0.28339070

short term down The short-term trend has been DOWN since Mar 15th, 2024 at 0.28383683

Smart Scan Analysis for MYRSGD

Based on our trend formula, MYRSGD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MYRSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28319338 0.28351507 0.28287364 0.28304857 -0.00014500
Prev. Close Volume Bid Ask Time
0.28319338 2024-03-19 06:48:20
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