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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Malaysian Ringt/Singapore Dollar (FOREX:MYRSGD)
Crossroads (+60) - MYRSGD is struggling to move into a solid trend. Beware of choppy markets 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 Dec 25th, 2024 at 0.29986919
The short-term trend has been DOWN since Dec 25th, 2024 at 0.30140050
Smart Scan Analysis for MYRSGD
Based on our trend formula, MYRSGD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.30179170 | 0.30263467 | 0.30159298 | 0.30255988 | +0.00076800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.30179170 | 2024-12-26 12:11:57 |