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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)
Crossroads (-60) - AUDMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for AUDMYR
The long-term trend has been UP since Jul 3rd, 2024 at 3.1547498
The intermediate-term trend has been DOWN since Jul 21st, 2024 at 3.1270400
The short-term trend has been DOWN since Jul 10th, 2024 at 3.1691306
Smart Scan Analysis for AUDMYR
Based on our trend formula, AUDMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.0540154 | 3.0555994 | 3.0495782 | 3.0555994 | +0.0015840 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.0540154 | 2024-07-26 05:30:45 |