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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)

Weak Uptrend (+65) - AUDMYR is showing signs of weakening momentum to the upside. Monitor AUDMYR as it may be in the beginning stages of a reversal.

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
2.9072553 2.9240854 2.9024732 2.9222420 +0.0149870
Entry Signal

MarketClub’s Trade Triangles for AUDMYR

long term up The long-term trend has been UP since Nov 4th, 2024 at 2.9840238

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2024 at 2.8637920

short term up The short-term trend has been UP since Nov 13th, 2024 at 2.9114311

Smart Scan Analysis for AUDMYR

Based on our trend formula, AUDMYR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for AUDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9072553 2.9240854 2.9024732 2.9222420 +0.0149870
Prev. Close Volume Bid Ask Time
2.9166313 2024-11-19 20:53:49
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