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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

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, SHORTSYMBOL 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
0.17675314 0.17691929 0.17648781 0.17651496 -0.00023800
Entry Signal

MarketClub’s Trade Triangles for MYRGBP

long term down The long-term trend has been DOWN since Jan 11th, 2021 at 0.18231684

intermediate term down The intermediate-term trend has been DOWN since Jan 11th, 2021 at 0.18231684

short term down The short-term trend has been DOWN since Mar 8th, 2021 at 0.17654877

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
0.17675314 0.17691929 0.17648781 0.17651496 -0.00023800
Prev. Close Volume Bid Ask Time
0.17675314 2021-03-08 03:09:38
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