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Forex Trend Analysis Report

Prepared for you on Saturday, March 25, 2023.

Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)

Weak Downtrend (-65) - AUDMYR is showing signs of a strengthening downtrend. Monitor AUDMYR as it may be building momentum to the downside.

Is it time to buy, sell, or avoid AUDMYR?

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

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

FOREX_AUDMYR
Open High Low AUDMYR Price Change
2.9613223 2.9613223 2.9454219 2.9454219 -0.0159000
Entry Signal

MarketClub’s Trade Triangles for AUDMYR

long term up The long-term trend has been UP since Mar 1st, 2023 at 3.0622644

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2023 at 2.9859825

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 2.9918377

Smart Scan Analysis for AUDMYR

Based on our trend formula, AUDMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for AUDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9613223 2.9613223 2.9454219 2.9454219 -0.0159000
Prev. Close Volume Bid Ask Time
2.9613223 2023-03-24 20:25:03
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