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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Malaysian Ringt/Euro (FOREX:MYREUR)

Bear Market Rally (-75) - MYREUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYREUR as it may be in the beginning of a reversal.

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

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

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

FOREX_MYREUR
Open High Low MYREUR Price Change
0.20154008 0.20190061 0.20049753 0.20125394 -0.00028600
Entry Signal

MarketClub’s Trade Triangles for MYREUR

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.21467398

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 0.21032206

short term up The short-term trend has been UP since Aug 3rd, 2020 at 0.20085913

Smart Scan Analysis for MYREUR

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

-75
Smart Scan Analysis for MYREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20154008 0.20190061 0.20049753 0.20125394 -0.00028600
Prev. Close Volume Bid Ask Time
0.20154008 0.20113434 0.20137353 2020-08-04 21:48:16
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