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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Crossroads (+60) - GBPMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Nov 4th, 2024 at 5.8603515
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 5.5888483
The short-term trend has been DOWN since Nov 17th, 2024 at 5.6509808
Smart Scan Analysis for GBPMYR
Based on our trend formula, GBPMYR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.6627727 | 5.6752782 | 5.6498247 | 5.6751132 | +0.0123410 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.6755383 | 2024-11-19 20:53:49 |