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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

Malaysian Ringt/Euro (FOREX:MYREUR)

Countertrend Up (+85) - MYREUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.19792834 0.19823839 0.19792834 0.19823839 +0.00031000
Entry Signal

MarketClub’s Trade Triangles for MYREUR

long term up The long-term trend has been UP since Jun 10th, 2024 at 0.19710737

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 0.19690988

short term down The short-term trend has been DOWN since Jun 24th, 2024 at 0.19785000

Smart Scan Analysis for MYREUR

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

+85
Smart Scan Analysis for MYREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19792834 0.19823839 0.19792834 0.19823839 +0.00031000
Prev. Close Volume Bid Ask Time
0.19792834 2024-06-25 14:07:25
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