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Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)

Strong Downtrend (-100) - MYRSGD 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 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.

FOREX_MYRSGD
Open High Low MYRSGD Price Change
0.32420679 0.32518965 0.32383885 0.32397528 -0.00023200
Entry Signal

MarketClub’s Trade Triangles for MYRSGD

long term down The long-term trend has been DOWN since Mar 19th, 2020 at 0.32501890

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2020 at 0.32381512

short term down The short-term trend has been DOWN since May 29th, 2020 at 0.32447644

Smart Scan Analysis for MYRSGD

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

-100
Smart Scan Analysis for MYRSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.32420679 0.32518965 0.32383885 0.32397528 -0.00023200
Prev. Close Volume Bid Ask Time
0.32420679 0.32395461 0.32399595 2020-05-31 23:07:27
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