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Forex Trend Analysis Report
Prepared for you on Monday, December 30, 2024.
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.
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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 Dec 25th, 2024 at 5.6038868
The short-term trend has been UP since Dec 29th, 2024 at 5.6262584
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.6284682 | 5.6284682 | 5.6144121 | 5.6165020 | -0.0119660 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.6284682 | 2024-12-30 03:37:51 |