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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
US Dollar/Malaysian Ringt (FOREX:USDMYR)
Weak Downtrend (-65) - USDMYR is showing signs of a strengthening downtrend. Monitor USDMYR as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for USDMYR
The long-term trend has been UP since Dec 18th, 2024 at 4.4895
The intermediate-term trend has been DOWN since Jan 21st, 2025 at 4.4506
The short-term trend has been DOWN since Feb 20th, 2025 at 4.4275
Smart Scan Analysis for USDMYR
Based on our trend formula, USDMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.4306 | 4.4316 | 4.4150 | 4.4205 | -0.0101 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.4180 | 2025-02-20 23:24:14 |