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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

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, SHORTSYMBOL 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.

FOREX_MYRUSD
Open High Low MYRUSD Price Change
0.24449289 0.24451680 0.24254193 0.24254193 -0.00195100
Entry Signal

MarketClub’s Trade Triangles for MYRUSD

long term down The long-term trend has been DOWN since Mar 7th, 2021 at 0.24449887

intermediate term down The intermediate-term trend has been DOWN since Mar 4th, 2021 at 0.24567016

short term down The short-term trend has been DOWN since Mar 4th, 2021 at 0.24639655

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).

-100
Smart Scan Analysis for MYRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24449289 0.24451680 0.24254193 0.24254193 -0.00195100
Prev. Close Volume Bid Ask Time
0.24449289 2021-03-08 20:37:35
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