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Forex Trend Analysis Report
Prepared for you on Sunday, December 22, 2024.
Malaysian Ringt/US Dollar (FOREX:MYRUSD)
Strong Downtrend (-100) - MYRUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MYRUSD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MYRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRUSD.
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 MYRUSD
The long-term trend has been DOWN since Nov 4th, 2024 at 0.21874665
The intermediate-term trend has been DOWN since Oct 14th, 2024 at 0.23268809
The short-term trend has been DOWN since Dec 11th, 2024 at 0.22558094
Smart Scan Analysis for MYRUSD
Based on our trend formula, MYRUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.22181317 | 0.22187715 | 0.22175414 | 0.22175414 | -0.00005900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.22181317 | 2024-12-20 03:01:48 |