Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

British Pound/Malaysian Ringt (FOREX:GBPMYR)

Long-Term Downtrend (-90) - GBPMYR is in a strong downtrend that is likely to continue. While GBPMYR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
5.3337524 5.3490343 5.3337524 5.3490343 +0.0152820
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 down The intermediate-term trend has been DOWN since Jun 12th, 2022 at 5.4195137

short term down The short-term trend has been DOWN since Jun 28th, 2022 at 5.3941705

Smart Scan Analysis for GBPMYR

Based on our trend formula, GBPMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3337524 5.3490343 5.3337524 5.3490343 +0.0152820
Prev. Close Volume Bid Ask Time
5.3337524 2022-07-04 23:21:58
Get a free daily analysis and signals for British Pound/Malaysian Ringt (GBPMYR) - Request Your Free Report.