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Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Long-Term Downtrend (-90) - GBPMYR is in a strong downtrend that is likely to continue. While GBPMYR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for GBPMYR
The long-term trend has been DOWN since Sep 28th, 2021 at 5.6921291
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 5.4195137
The short-term trend has been DOWN since Jun 28th, 2022 at 5.3941705
Smart Scan Analysis for GBPMYR
Based on our trend formula, GBPMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.3337524 | 5.3490343 | 5.3337524 | 5.3490343 | +0.0152820 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.3337524 | 2022-07-04 23:21:58 |