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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)
Bear Market Rally (-75) - AUDMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDMYR as it may be in the beginning 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.
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MarketClub’s Trade Triangles for AUDMYR
The long-term trend has been DOWN since Apr 1st, 2024 at 3.0656170
The intermediate-term trend has been UP since Apr 8th, 2024 at 3.1257613
The short-term trend has been DOWN since Apr 11th, 2024 at 3.1182669
Smart Scan Analysis for AUDMYR
Based on our trend formula, AUDMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.0768278 | 3.0815514 | 3.0742338 | 3.0742338 | -0.0025940 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.0768278 | 2024-04-16 04:55:34 |