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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)

Sidelines Mode (-55) - AUDMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_AUDMYR
Open High Low AUDMYR Price Change
3.1061875 3.1064269 3.1047728 3.1054046 -0.0007830
Entry Signal

MarketClub’s Trade Triangles for AUDMYR

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 3.0992040

intermediate term up The intermediate-term trend has been UP since Oct 11th, 2021 at 3.0629689

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 3.1027787

Smart Scan Analysis for AUDMYR

Based on our trend formula, AUDMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for AUDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1061875 3.1064269 3.1047728 3.1054046 -0.0007830
Prev. Close Volume Bid Ask Time
3.1061875 2021-10-25 02:52:58
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