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Forex Trend Analysis Report

Prepared for you on Tuesday, December 1, 2020.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

Strong Downtrend (-100) - SGDMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

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FOREX_SGDMYR
Open High Low SGDMYR Price Change
3.0458096 3.0468587 3.0419954 3.0419954 -0.0038140
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term down The long-term trend has been DOWN since Oct 29th, 2020 at 3.0427007

intermediate term down The intermediate-term trend has been DOWN since Nov 26th, 2020 at 3.0358920

short term down The short-term trend has been DOWN since Nov 26th, 2020 at 3.0424493

Smart Scan Analysis for SGDMYR

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

-100
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0458096 3.0468587 3.0419954 3.0419954 -0.0038140
Prev. Close Volume Bid Ask Time
3.0458096 2020-12-01 04:15:33
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