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Forex Trend Analysis Report

Prepared for you on Sunday, January 29, 2023.

British Pound/Malaysian Ringt (FOREX:GBPMYR)

Weak Downtrend (-65) - GBPMYR is showing signs of a strengthening downtrend. Monitor GBPMYR as it may be building momentum to the downside.

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
5.2597644 5.2600188 5.2504988 5.2504988 -0.0092660
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term up The long-term trend has been UP since Oct 26th, 2022 at 5.4781726

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2022 at 5.3458313

short term down The short-term trend has been DOWN since Jan 23rd, 2023 at 5.3018600

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
5.2597644 5.2600188 5.2504988 5.2504988 -0.0092660
Prev. Close Volume Bid Ask Time
5.2597644 2023-01-29 22:56:12
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