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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.
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MarketClub’s Trade Triangles for USDMYR
The long-term trend has been DOWN since Apr 24th, 2025 at 4.3696
The intermediate-term trend has been DOWN since Apr 13th, 2025 at 4.4140
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).
| 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 |