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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Countertrend Up (+85) - USDMYR 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 USDMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDMYR
Open High Low USDMYR Price Change
4.7263 4.7263 4.7205 4.7256 -0.0007
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term up The long-term trend has been UP since Feb 8th, 2024 at 4.7745

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2024 at 4.8025

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 4.7045

Smart Scan Analysis for USDMYR

Based on our trend formula, USDMYR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7263 4.7263 4.7205 4.7256 -0.0007
Prev. Close Volume Bid Ask Time
4.7263 2024-03-29 05:56:44
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