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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Malaysian Ringt/British Pound (FOREX:MYRGBP)
Crossroads (-60) - MYRGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MYRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MYRGBP
The long-term trend has been UP since Jul 31st, 2024 at 0.16957396
The intermediate-term trend has been DOWN since Oct 14th, 2024 at 0.17780904
The short-term trend has been DOWN since Oct 22nd, 2024 at 0.17779423
Smart Scan Analysis for MYRGBP
Based on our trend formula, MYRGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.17740877 | 0.17775352 | 0.17734543 | 0.17775352 | +0.00034500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.17740877 | 2024-10-25 17:06:22 |