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Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
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 Dec 8th, 2024 at 2.8258685
The intermediate-term trend has been DOWN since May 4th, 2025 at 2.7412837
The short-term trend has been UP since May 5th, 2025 at 2.7712429
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 |
|---|---|---|---|---|
| 2.7548622 | 2.7659456 | 2.7378213 | 2.7553719 | +0.0005100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.7548622 | 2025-05-08 23:05:28 |