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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

British Pound/Malaysian Ringt (FOREX:GBPMYR)

Sidelines Mode (-55) - GBPMYR 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 GBPMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPMYR
Open High Low GBPMYR Price Change
5.7173849 5.7304799 5.7173849 5.7281153 +0.0107300
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term down The long-term trend has been DOWN since Sep 28th, 2021 at 5.6921291

intermediate term down The intermediate-term trend has been DOWN since Aug 19th, 2021 at 5.8070899

short term up The short-term trend has been UP since Oct 14th, 2021 at 5.6922132

Smart Scan Analysis for GBPMYR

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

-55
Smart Scan Analysis for GBPMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.7173849 5.7304799 5.7173849 5.7281153 +0.0107300
Prev. Close Volume Bid Ask Time
5.7173849 2021-10-18 15:46:04
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