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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)

Long-Term Uptrend (+90) - MYRSGD is in a strong uptrend that is likely to continue. While MYRSGD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.28734942 0.28814594 0.28661958 0.28748793 +0.00013900
Entry Signal

MarketClub’s Trade Triangles for MYRSGD

long term up The long-term trend has been UP since May 1st, 2024 at 0.28621360

intermediate term up The intermediate-term trend has been UP since Jun 14th, 2024 at 0.28854339

short term up The short-term trend has been UP since Jul 19th, 2024 at 0.28815087

Smart Scan Analysis for MYRSGD

Based on our trend formula, MYRSGD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MYRSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28734942 0.28814594 0.28661958 0.28748793 +0.00013900
Prev. Close Volume Bid Ask Time
0.28734942 2024-07-23 23:34:03
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