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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Euro/Malaysian Ringt (FOREX:EURMYR)
Strong Downtrend (-100) - EURMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURMYR continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for EURMYR
The long-term trend has been DOWN since May 5th, 2024 at 5.0927
The intermediate-term trend has been DOWN since Nov 22nd, 2024 at 4.7033
The short-term trend has been DOWN since Dec 25th, 2024 at 4.6840
Smart Scan Analysis for EURMYR
Based on our trend formula, EURMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6437 | 4.6437 | 4.6437 | 4.6437 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6427 | 2025-01-19 11:30:05 |