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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Malaysian Ringt/Pakistani Rupee (FOREX:MYRPKR)

Sidelines Mode (+55) - MYRPKR 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 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
47.861621 47.861621 47.861621 47.861621 0.000000
Entry Signal

MarketClub’s Trade Triangles for MYRPKR

long term up The long-term trend has been UP since Jul 26th, 2021 at 38.151230

intermediate term up The intermediate-term trend has been UP since May 16th, 2022 at 42.829145

short term down The short-term trend has been DOWN since Aug 9th, 2022 at 50.448531

Smart Scan Analysis for MYRPKR

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

+55
Smart Scan Analysis for MYRPKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
47.861621 47.861621 47.861621 47.861621 0.000000
Prev. Close Volume Bid Ask Time
47.861621 2022-08-16 13:36:56
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