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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Malaysian Ringt/Australian Dollar (FOREX:MYRAUD)

Countertrend Down (-85) - MYRAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid MYRAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRAUD
Open High Low MYRAUD Price Change
0.31678358 0.31687718 0.31675501 0.31685255 +0.00006900
Entry Signal

MarketClub’s Trade Triangles for MYRAUD

long term down The long-term trend has been DOWN since Jun 20th, 2024 at 0.31800859

intermediate term down The intermediate-term trend has been DOWN since Jun 20th, 2024 at 0.31823860

short term up The short-term trend has been UP since Jul 11th, 2024 at 0.31585916

Smart Scan Analysis for MYRAUD

Based on our trend formula, MYRAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MYRAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31678358 0.31687718 0.31675501 0.31685255 +0.00006900
Prev. Close Volume Bid Ask Time
0.31678358 2024-07-15 00:36:24
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