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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)
Weak Uptrend (+65) - SGDMYR is showing signs of weakening momentum to the upside. Monitor SGDMYR as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for SGDMYR
The long-term trend has been UP since Nov 4th, 2024 at 3.4177012
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 3.2697858
The short-term trend has been UP since Nov 13th, 2024 at 3.3284883
Smart Scan Analysis for SGDMYR
Based on our trend formula, SGDMYR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.3367302 | 3.3440563 | 3.3344037 | 3.3426631 | +0.0059330 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.3342291 | 2024-11-19 20:53:49 |