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Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

US Dollar/Malaysian Ringt (FOREX:USDMYR)

Strong Downtrend (-100) - USDMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDMYR continues to fall. Traders should use caution 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
4.4300 4.4300 4.4225 4.4225 -0.0075
Entry Signal

MarketClub’s Trade Triangles for USDMYR

long term down The long-term trend has been DOWN since Nov 30th, 2022 at 4.4370

intermediate term down The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 4.4530

short term down The short-term trend has been DOWN since Mar 12th, 2023 at 4.5085

Smart Scan Analysis for USDMYR

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

-100
Smart Scan Analysis for USDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4300 4.4300 4.4225 4.4225 -0.0075
Prev. Close Volume Bid Ask Time
4.4300 2023-03-27 05:30:34
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