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Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2025.
Australian Dollar/Malaysian Ringt (FOREX:AUDMYR)
Strong Downtrend (-100) - AUDMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, AUDMYR continues to fall. Traders should use caution and set stops.
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 Dec 8th, 2024 at 2.8258685
The intermediate-term trend has been DOWN since Jan 24th, 2025 at 2.7689457
The short-term trend has been DOWN since Jan 24th, 2025 at 2.7810545
Smart Scan Analysis for AUDMYR
Based on our trend formula, AUDMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.7493562 | 2.7509441 | 2.7438395 | 2.7457362 | -0.0036200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.7493562 | 2025-01-28 05:00:53 |