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Forex Trend Analysis Report
Prepared for you on Tuesday, December 10, 2024.
US Dollar/Malaysian Ringt (FOREX:USDMYR)
Bear Market Rally (-75) - USDMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDMYR as it may be in the beginning of a reversal.
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 DOWN since Jul 11th, 2024 at 4.6775
The intermediate-term trend has been UP since Oct 10th, 2024 at 4.3015
The short-term trend has been DOWN since Dec 4th, 2024 at 4.4480
Smart Scan Analysis for USDMYR
Based on our trend formula, USDMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.4264 | 4.4275 | 4.4230 | 4.4250 | -0.0014 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.4264 | 2024-12-10 03:24:02 |