Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)

Bull Market Weakness (+75) - AUDMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDMYR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid AUDMYR?

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

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

FOREX_AUDMYR
Open High Low AUDMYR Price Change
3.1239094 3.1271758 3.1229346 3.1271758 +0.0032660
Entry Signal

MarketClub’s Trade Triangles for AUDMYR

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 3.0656170

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 3.1426294

short term up The short-term trend has been UP since May 15th, 2024 at 3.1314317

Smart Scan Analysis for AUDMYR

Based on our trend formula, AUDMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for AUDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1239094 3.1271758 3.1229346 3.1271758 +0.0032660
Prev. Close Volume Bid Ask Time
3.1239094 2024-05-21 13:57:25
Get a free daily analysis and signals for Australian Dollar/Malaysian Ringt (AUDMYR) - Request Your Free Report.