Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, April 8, 2020.

British Pound/Malaysian Ringt (FOREX:GBPMYR)

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

Is it time to buy, sell, or avoid GBPMYR?

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

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

FOREX_GBPMYR
Open High Low GBPMYR Price Change
5.3506676 5.3972352 5.3349068 5.3783786 +0.0277110
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term down The long-term trend has been DOWN since Mar 13th, 2020 at 5.2628441

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2020 at 5.3398647

short term up The short-term trend has been UP since Apr 8th, 2020 at 5.3821446

Smart Scan Analysis for GBPMYR

Based on our trend formula, GBPMYR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3506676 5.3972352 5.3349068 5.3783786 +0.0277110
Prev. Close Volume Bid Ask Time
5.3506676 5.3752768 5.3814803 2020-04-08 21:39:22
Get a free daily analysis and signals for British Pound/Malaysian Ringt (GBPMYR) - Request Your Free Report.