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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Malaysian Ringt/Brazilian Real (FOREX:MYRBRL)

Strong Uptrend (+100) - MYRBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MYRBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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

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

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

FOREX_MYRBRL
Open High Low MYRBRL Price Change
1.0518607 1.0606288 1.0478957 1.0594797 +0.0076190
Entry Signal

MarketClub’s Trade Triangles for MYRBRL

long term up The long-term trend has been UP since Mar 8th, 2024 at 1.0681852

intermediate term up The intermediate-term trend has been UP since Feb 29th, 2024 at 1.0524929

short term up The short-term trend has been UP since Mar 29th, 2024 at 1.0565898

Smart Scan Analysis for MYRBRL

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

+100
Smart Scan Analysis for MYRBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0518607 1.0606288 1.0478957 1.0594797 +0.0076190
Prev. Close Volume Bid Ask Time
1.0518607 2024-03-29 17:46:08
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