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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Euro/Malaysian Ringt (FOREX:EURMYR)
Bear Market Rally (-75) - EURMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURMYR as it may be in the beginning of a reversal.
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 UP since Oct 20th, 2024 at 4.6499
The short-term trend has been DOWN since Nov 19th, 2024 at 4.7262
Smart Scan Analysis for EURMYR
Based on our trend formula, EURMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.7194 | 4.7194 | 4.7194 | 4.7194 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.7194 | 2024-11-20 19:11:59 |