Forex Trend Analysis Report
Prepared for you on Monday, March 18, 2024.
Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)
Countertrend Up (+85) - SGDMYR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SGDMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDMYR.
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 SGDMYR
The long-term trend has been UP since Mar 1st, 2023 at 3.3318246
The intermediate-term trend has been UP since Mar 15th, 2024 at 3.5741932
The short-term trend has been UP since Mar 15th, 2024 at 3.5197834
Smart Scan Analysis for SGDMYR
Based on our trend formula, SGDMYR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
3.5255213 | 3.5296094 | 3.5145846 | 3.5286650 | +0.0031440 |
Prev. Close | Volume | Bid | Ask | Time |
3.5255213 | 2024-03-18 22:49:03 |