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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

British Pound/Malaysian Ringt (FOREX:GBPMYR)

Weak Uptrend (+65) - GBPMYR is showing signs of weakening momentum to the upside. Monitor 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
5.9943016 5.9947905 5.9845547 5.9933215 -0.0009800
Entry Signal

MarketClub’s Trade Triangles for GBPMYR

long term up The long-term trend has been UP since Mar 1st, 2023 at 5.4998820

intermediate term up The intermediate-term trend has been UP since Jul 5th, 2024 at 6.0396521

short term down The short-term trend has been DOWN since Jul 18th, 2024 at 6.0579535

Smart Scan Analysis for GBPMYR

Based on our trend formula, GBPMYR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.9943016 5.9947905 5.9845547 5.9933215 -0.0009800
Prev. Close Volume Bid Ask Time
5.9943016 2024-07-26 05:30:45
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