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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Malaysian Ringt/Pakistani Rupee (FOREX:MYRPKR)

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

Is it time to buy, sell, or avoid MYRPKR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRPKR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRPKR
Open High Low MYRPKR Price Change
59.010488 59.010488 59.010488 59.010488 0.000000
Entry Signal

MarketClub’s Trade Triangles for MYRPKR

long term down The long-term trend has been DOWN since Oct 12th, 2023 at 59.235035

intermediate term down The intermediate-term trend has been DOWN since Jun 11th, 2024 at 59.110687

short term down The short-term trend has been DOWN since Jun 11th, 2024 at 59.144981

Smart Scan Analysis for MYRPKR

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

-100
Smart Scan Analysis for MYRPKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
59.010488 59.010488 59.010488 59.010488 0.000000
Prev. Close Volume Bid Ask Time
59.030720 2024-06-14 16:07:13
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