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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
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.
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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 DOWN since Mar 27th, 2024 at 5.9770730
The short-term trend has been DOWN since Apr 30th, 2024 at 5.9620579
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.9497659 | 5.9627275 | 5.9438497 | 5.9490938 | -0.0006720 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.9497659 | 2024-05-03 15:32:36 |