Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Weak Uptrend (+65) - GBPMYR is showing signs of weakening momentum to the upside. Monitor GBPMYR as it may be in the beginning stages of a reversal.
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 UP since Mar 1st, 2023 at 5.499882
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 5.977073
The short-term trend has been UP since Apr 24th, 2024 at 5.953271
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).
Open | High | Low | Price | Change |
---|---|---|---|---|
5.9658595 | 5.9889904 | 5.9658595 | 5.9759835 | +0.0101240 |
Prev. Close | Volume | Bid | Ask | Time |
5.9658595 | 2024-04-25 22:28:30 |