Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Long-Term Uptrend (+90) - GBPMYR is in a strong uptrend that is likely to continue. While GBPMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for GBPMYR
The long-term trend has been UP since Mar 1st, 2023 at 5.4998820
The intermediate-term trend has been UP since Nov 14th, 2023 at 5.8799970
The short-term trend has been UP since Nov 13th, 2023 at 5.7740841
Smart Scan Analysis for GBPMYR
Based on our trend formula, GBPMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).