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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.

FOREX_SGDMYR
Open High Low SGDMYR Price Change
3.5255213 3.5296094 3.5145846 3.5286650 +0.0031440
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term up The long-term trend has been UP since Mar 1st, 2023 at 3.3318246

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2024 at 3.5741932

short term up 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).

+80
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways 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
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