Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)
Long-Term Downtrend (-90) - SGDMYR is in a strong downtrend that is likely to continue. While SGDMYR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for SGDMYR
The long-term trend has been DOWN since May 4th, 2025 at 3.2659720
The intermediate-term trend has been DOWN since May 2nd, 2025 at 3.2856878
The short-term trend has been DOWN since May 28th, 2025 at 3.2720355
Smart Scan Analysis for SGDMYR
Based on our trend formula, SGDMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.2909104 | 3.2983073 | 3.2905191 | 3.2969126 | +0.0060020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.2909104 | 2025-05-30 05:42:53 |