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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Singapore Dollar/Malaysian Ringt (FOREX:SGDMYR)

Long-Term Uptrend (+90) - SGDMYR is in a strong uptrend that is likely to continue. While SGDMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
3.0778761 3.0778761 3.0778761 3.0778761 0.0000000
Entry Signal

MarketClub’s Trade Triangles for SGDMYR

long term up The long-term trend has been UP since Feb 18th, 2020 at 3.0779628

intermediate term up The intermediate-term trend has been UP since May 26th, 2020 at 3.0809834

short term up The short-term trend has been UP since May 26th, 2020 at 3.0739697

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).

+90
Smart Scan Analysis for SGDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0778761 3.0778761 3.0778761 3.0778761 0.0000000
Prev. Close Volume Bid Ask Time
3.0778761 3.0761062 3.0796460 2020-05-30 21:11:44
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