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Forex Trend Analysis Report

Prepared for you on Sunday, September 8, 2024.

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
2.9176331 2.9176331 2.9107827 2.9153670 -0.0022660
Entry Signal

MarketClub’s Trade Triangles for AUDMYR

long term down The long-term trend has been DOWN since Jul 31st, 2024 at 2.9840746

intermediate term up The intermediate-term trend has been UP since Sep 2nd, 2024 at 2.9705146

short term down The short-term trend has been DOWN since Sep 3rd, 2024 at 2.9219539

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
2.9176331 2.9176331 2.9107827 2.9153670 -0.0022660
Prev. Close Volume Bid Ask Time
2.9176331 2024-09-06 04:28:38
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