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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

Crossroads (-60) - SGDMYR 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 SGDMYR?

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

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

FOREX_SGDMYR
Open High Low SGDMYR Price Change
3.5122478 3.5154441 3.5091262 3.5145014 +0.0022540
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term up The long-term trend has been UP since Mar 1st, 2023 at 3.3318246

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 3.5095683

short term down The short-term trend has been DOWN since Apr 23rd, 2024 at 3.5064597

Smart Scan Analysis for SGDMYR

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

-60
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5122478 3.5154441 3.5091262 3.5145014 +0.0022540
Prev. Close Volume Bid Ask Time
3.5122478 2024-04-24 22:33:31
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