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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
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 DOWN since Mar 14th, 2025 at 0.29918054
The intermediate-term trend has been UP since May 2nd, 2025 at 0.30559419
The short-term trend has been DOWN since May 8th, 2025 at 0.30361982
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 |
|---|---|---|---|---|
| 0.30229862 | 0.30326510 | 0.30211838 | 0.30246333 | +0.00016500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.30229862 | 2025-05-09 07:09:57 |