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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

Countertrend Down (-85) - SGDMYR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
3.3215145 3.3215145 3.3098510 3.3121230 -0.0093910
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term down The long-term trend has been DOWN since May 4th, 2025 at 3.2659720

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2025 at 3.2856878

short term up The short-term trend has been UP since May 7th, 2025 at 3.2864959

Smart Scan Analysis for SGDMYR

Based on our trend formula, SGDMYR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3215145 3.3215145 3.3098510 3.3121230 -0.0093910
Prev. Close Volume Bid Ask Time
3.3215145 2025-05-09 05:19:42
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