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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 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 UP since May 1st, 2024 at 0.2862136
The intermediate-term trend has been DOWN since Feb 2nd, 2025 at 0.3016501
The short-term trend has been UP since Feb 21st, 2025 at 0.3033404
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 |
|---|---|---|---|---|
| 0.30322141 | 0.30340530 | 0.30142564 | 0.30191165 | -0.00131000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.30142564 | 2025-02-21 17:04:29 |