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Forex Trend Analysis Report

Prepared for you on Sunday, June 26, 2022.

Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)

Long-Term Downtrend (-90) - AUDMYR is in a strong downtrend that is likely to continue. While AUDMYR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
3.0468744 3.0551576 3.0433162 3.0551576 +0.0082830
Entry Signal

MarketClub’s Trade Triangles for AUDMYR

long term down The long-term trend has been DOWN since May 17th, 2022 at 2.9584795

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2022 at 3.0998390

short term down The short-term trend has been DOWN since Jun 7th, 2022 at 3.1549862

Smart Scan Analysis for AUDMYR

Based on our trend formula, AUDMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for AUDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0468744 3.0551576 3.0433162 3.0551576 +0.0082830
Prev. Close Volume Bid Ask Time
3.0468744 2022-06-24 15:07:30
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