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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

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
4.7587 4.7587 4.7587 4.7587 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMYR

long term up The long-term trend has been UP since Oct 5th, 2022 at 4.5947

intermediate term up The intermediate-term trend has been UP since Feb 16th, 2023 at 4.6703

short term down The short-term trend has been DOWN since Mar 17th, 2023 at 4.7643

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
4.7587 4.7587 4.7587 4.7587 0.0000
Prev. Close Volume Bid Ask Time
4.7587 2023-03-17 13:33:48
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