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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Malaysian Ringt/US Dollar (FOREX:MYRUSD)
Countertrend Up (+85) - MYRUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Apr 21st, 2025 at 0.22883303
The intermediate-term trend has been UP since Apr 13th, 2025 at 0.22655195
The short-term trend has been DOWN since May 8th, 2025 at 0.23277425
Smart Scan Analysis for MYRUSD
Based on our trend formula, MYRUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23180888 | 0.23261231 | 0.23180888 | 0.23258526 | +0.00077600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23180888 | 2025-05-09 05:19:42 |