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Forex Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)

Sidelines Mode (-55) - AUDMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
2.6594200 2.6884415 2.6569186 2.6846204 +0.0252000
Entry Signal

MarketClub’s Trade Triangles for AUDMYR

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 2.7379799

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2020 at 2.7379799

short term up The short-term trend has been UP since Apr 6th, 2020 at 2.6701481

Smart Scan Analysis for AUDMYR

Based on our trend formula, AUDMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for AUDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6594200 2.6884415 2.6569186 2.6846204 +0.0252000
Prev. Close Volume Bid Ask Time
2.6594200 2.6830748 2.6861659 2020-04-07 06:53:32
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