Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

British Pound/Malaysian Ringt (FOREX:GBPMYR)

Sidelines Mode (-55) - GBPMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_GBPMYR
Open High Low GBPMYR Price Change
5.7354899 5.7356746 5.7306573 5.7344837 -0.0010060
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term down The long-term trend has been DOWN since Sep 28th, 2021 at 5.6921291

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 5.7432293

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 5.7317485

Smart Scan Analysis for GBPMYR

Based on our trend formula, GBPMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.7354899 5.7356746 5.7306573 5.7344837 -0.0010060
Prev. Close Volume Bid Ask Time
5.7354899 2021-10-22 03:04:37
Get a free daily analysis and signals for British Pound/Malaysian Ringt (GBPMYR) - Request Your Free Report.