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Forex Trend Analysis Report

Prepared for you on Tuesday, December 1, 2020.

Euro/Malaysian Ringt (FOREX:EURMYR)

Sidelines Mode (+55) - EURMYR 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 EURMYR?

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

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

FOREX_EURMYR
Open High Low EURMYR Price Change
4.8838 4.8838 4.8838 4.8838 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMYR

long term up The long-term trend has been UP since Mar 2nd, 2020 at 4.6234

intermediate term down The intermediate-term trend has been DOWN since Oct 30th, 2020 at 4.8682

short term up The short-term trend has been UP since Nov 30th, 2020 at 4.8694

Smart Scan Analysis for EURMYR

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

+55
Smart Scan Analysis for EURMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8838 4.8838 4.8838 4.8838 0.0000
Prev. Close Volume Bid Ask Time
4.8838 2020-11-30 21:00:30
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