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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
British Pound/Malaysian Ringt (FOREX:GBPMYR)
Crossroads (+60) - GBPMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jan 9th, 2025 at 5.5266367
The intermediate-term trend has been UP since Feb 3rd, 2025 at 5.5585229
The short-term trend has been UP since Jan 30th, 2025 at 5.4791878
Smart Scan Analysis for GBPMYR
Based on our trend formula, GBPMYR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.5285691 | 5.5459376 | 5.5118258 | 5.5329607 | +0.0043920 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.5285691 | 2025-02-04 22:42:36 |