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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

British Pound/Malaysian Ringt (FOREX:GBPMYR)

Bull Market Weakness (+75) - GBPMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMYR as it may be in the beginning stages of a reversal.

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
5.3582800 5.4220653 5.3552710 5.3605804 +0.0023000
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term down The long-term trend has been DOWN since Mar 13th, 2020 at 5.2628441

intermediate term up The intermediate-term trend has been UP since Jun 1st, 2020 at 5.3927627

short term up The short-term trend has been UP since May 26th, 2020 at 5.3338384

Smart Scan Analysis for GBPMYR

Based on our trend formula, GBPMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3582800 5.4220653 5.3552710 5.3605804 +0.0023000
Prev. Close Volume Bid Ask Time
5.3582800 5.3574452 5.3637156 2020-06-02 15:03:21
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