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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

Malaysian Ringt/British Pound (FOREX:MYRGBP)

Strong Downtrend (-100) - MYRGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MYRGBP continues to fall. Traders should use caution and set stops.

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.

FOREX_MYRGBP
Open High Low MYRGBP Price Change
0.16575167 0.16590919 0.16552733 0.16561025 -0.00014100
Entry Signal

MarketClub’s Trade Triangles for MYRGBP

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 0.18182217

intermediate term down The intermediate-term trend has been DOWN since Jul 5th, 2024 at 0.16557255

short term down The short-term trend has been DOWN since Jul 1st, 2024 at 0.16746625

Smart Scan Analysis for MYRGBP

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

-100
Smart Scan Analysis for MYRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16575167 0.16590919 0.16552733 0.16561025 -0.00014100
Prev. Close Volume Bid Ask Time
0.16575167 2024-07-12 04:53:05
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