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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)
Sidelines Mode (-55) - MYRSGD 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 MYRSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MYRSGD
The long-term trend has been UP since May 1st, 2024 at 0.28621360
The intermediate-term trend has been DOWN since Oct 15th, 2024 at 0.30319312
The short-term trend has been UP since Nov 18th, 2024 at 0.30042918
Smart Scan Analysis for MYRSGD
Based on our trend formula, MYRSGD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.30015892 | 0.30029241 | 0.29919058 | 0.29956562 | -0.00059300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.30015892 | 2024-11-21 06:48:29 |