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Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
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.
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MarketClub’s Trade Triangles for GBPMYR
The long-term trend has been UP since Mar 4th, 2025 at 5.7033138
The intermediate-term trend has been DOWN since May 2nd, 2025 at 5.7048262
The short-term trend has been UP since May 8th, 2025 at 5.7141908
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.6934297 | 5.7242310 | 5.6720784 | 5.7074029 | +0.0139730 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.6934297 | 2025-05-08 23:26:00 |