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Forex Trend Analysis Report

Prepared for you on Saturday, July 13, 2024.

Malaysian Ringt/South African Rand (FOREX:MYRZAR)

Strong Downtrend (-100) - MYRZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MYRZAR continues to fall. Traders should use caution and set stops.

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
3.8503386 3.8702329 3.8420018 3.8597115 +0.0093730
Entry Signal

MarketClub’s Trade Triangles for MYRZAR

long term down The long-term trend has been DOWN since Jun 18th, 2024 at 3.8388929

intermediate term down The intermediate-term trend has been DOWN since Jun 18th, 2024 at 3.8559403

short term down The short-term trend has been DOWN since Jul 5th, 2024 at 3.8743684

Smart Scan Analysis for MYRZAR

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

-100
Smart Scan Analysis for MYRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8503386 3.8702329 3.8420018 3.8597115 +0.0093730
Prev. Close Volume Bid Ask Time
3.8603519 2024-07-12 17:00:08
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