Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

British Pound/Malaysian Ringt (FOREX:GBPMYR)

Bull Market Weakness (+75) - GBPMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.

FOREX_GBPMYR
Open High Low GBPMYR Price Change
5.6655085 5.6729202 5.6565079 5.6565079 -0.0090010
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term up The long-term trend has been UP since Jul 1st, 2020 at 5.4838911

intermediate term up The intermediate-term trend has been UP since Dec 17th, 2020 at 5.4917389

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 5.6803477

Smart Scan Analysis for GBPMYR

Based on our trend formula, GBPMYR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.6655085 5.6729202 5.6565079 5.6565079 -0.0090010
Prev. Close Volume Bid Ask Time
5.6655085 2021-03-01 03:47:06
Get a free daily analysis and signals for British Pound/Malaysian Ringt (GBPMYR) - Request Your Free Report.