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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Euro/Malaysian Ringt (FOREX:EURMYR)

Weak Downtrend (-65) - EURMYR is showing signs of a strengthening downtrend. Monitor EURMYR as it may be building momentum to the downside.

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
5.0927 5.0927 5.0927 5.0927 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 down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 5.1097

short term down The short-term trend has been DOWN since Apr 22nd, 2024 at 5.1208

Smart Scan Analysis for EURMYR

Based on our trend formula, EURMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EURMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0927 5.0927 5.0927 5.0927 0.0000
Prev. Close Volume Bid Ask Time
5.0927 2024-04-23 21:01:43
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