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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Countertrend Down (-85) - USDMYR 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 USDMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDMYR
Open High Low USDMYR Price Change
4.3139 4.3139 4.2990 4.2995 -0.0144
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term down The long-term trend has been DOWN since Apr 24th, 2025 at 4.3696

intermediate term down The intermediate-term trend has been DOWN since Apr 13th, 2025 at 4.4140

short term up The short-term trend has been UP since May 7th, 2025 at 4.2615

Smart Scan Analysis for USDMYR

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

-85
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3139 4.3139 4.2990 4.2995 -0.0144
Prev. Close Volume Bid Ask Time
4.3139 2025-05-09 05:19:42
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