Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2024.
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.
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MarketClub’s Trade Triangles for GBPMYR
The long-term trend has been UP since Nov 4th, 2024 at 5.8603515
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 5.5888483
The short-term trend has been UP since Dec 5th, 2024 at 5.6680213
Smart Scan Analysis for GBPMYR
Based on our trend formula, GBPMYR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.6632796 | 5.6698759 | 5.6614972 | 5.6682634 | +0.0049840 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.6632796 | 2024-12-12 03:00:28 |