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Forex Trend Analysis Report

Prepared for you on Thursday, December 7, 2023.

Malaysian Ringt/South African Rand (FOREX:MYRZAR)

Crossroads (+60) - MYRZAR 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 MYRZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRZAR
Open High Low MYRZAR Price Change
4.0564685 4.0610442 4.0101240 4.0227320 -0.0337360
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term down The long-term trend has been DOWN since Jun 12th, 2023 at 4.0068527

intermediate term up The intermediate-term trend has been UP since Nov 21st, 2023 at 4.0015753

short term up The short-term trend has been UP since Nov 30th, 2023 at 4.0365594

Smart Scan Analysis for MYRZAR

Based on our trend formula, MYRZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for MYRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0564685 4.0610442 4.0101240 4.0227320 -0.0337360
Prev. Close Volume Bid Ask Time
4.0564685 2023-12-07 14:26:10
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