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Forex Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

Malaysian Ringt/British Pound (FOREX:MYRGBP)

Sidelines Mode (+55) - MYRGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_MYRGBP
Open High Low MYRGBP Price Change
0.18572877 0.18572877 0.18519871 0.18519871 -0.00053000
Entry Signal

MarketClub’s Trade Triangles for MYRGBP

long term up The long-term trend has been UP since Sep 28th, 2021 at 0.17568125

intermediate term down The intermediate-term trend has been DOWN since Jul 25th, 2022 at 0.18674759

short term up The short-term trend has been UP since Aug 3rd, 2022 at 0.18465122

Smart Scan Analysis for MYRGBP

Based on our trend formula, MYRGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MYRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18572877 0.18572877 0.18519871 0.18519871 -0.00053000
Prev. Close Volume Bid Ask Time
0.18572877 2022-08-09 05:53:46
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