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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

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.

FOREX_AUDMYR
Open High Low AUDMYR Price Change
3.0957312 3.1087036 3.0890733 3.0918944 -0.0038370
Entry Signal

MarketClub’s Trade Triangles for AUDMYR

long term down The long-term trend has been DOWN since May 17th, 2022 at 2.9584795

intermediate term up The intermediate-term trend has been UP since Jul 19th, 2022 at 3.0609200

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 3.1442811

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).

-75
Smart Scan Analysis for AUDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0957312 3.1087036 3.0890733 3.0918944 -0.0038370
Prev. Close Volume Bid Ask Time
3.0957312 2022-08-18 21:17:26
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